Saudi Arabia approves 2025 state budget with focus on Vision 2030 Goals
The 2025 budget reflects Saudi Arabia's commitment to sustainable economic growth and diversification, with a focus on key sectors that will drive the nation's development.
RIYADH: Saudi Arabia’s Council of Ministers, chaired by Crown Prince and Prime Minister Mohammed bin Salman, has approved the state budget for the fiscal year 2025. The budget projects total revenues of SR1.184 trillion and expenditures of SR1.285 trillion, resulting in a projected deficit of SR101 billion.
The budget, announced on Tuesday, underscores the Kingdom’s ongoing efforts to align its financial strategies with the ambitious goals of Vision 2030. Crown Prince Mohammed bin Salman highlighted the importance of adhering to the budget’s outlined programs, strategies, and projects to ensure the successful realization of Vision 2030’s transformative objectives.
The 2025 budget reflects Saudi Arabia’s commitment to sustainable economic growth and diversification, with a focus on key sectors that will drive the nation’s development. The budget is designed to balance significant investments in priority areas while maintaining fiscal responsibility, even amid global economic challenges.
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Crown Prince Mohammed bin Salman stressed that this budget will play a critical role in maintaining stability while fostering the Kingdom’s long-term growth, in line with the Vision 2030 roadmap. The approval marks another step in Saudi Arabia’s efforts to reshape its economy, reduce dependence on oil, and boost investments in sectors such as technology, tourism, and infrastructure.
The government’s strategic focus on managing the deficit and prioritizing investments reflects its determination to foster economic resilience and continue the transformation of Saudi Arabia’s economic landscape.
