JEDDAH: Saudi Arabia has projected a fiscal deficit equivalent to 3.6 percent of gross domestic product in 2027, with total expenditure estimated at SR1.39 trillion ($370.21 billion) and revenue projected at SR1.20 trillion, the Finance Ministry said in a pre-budget statement on Wednesday. The pre-budget statement reflects the Kingdom’s commitment to funding development priorities while maintaining fiscal sustainability. The statement projected revenues to increase to SR1.351 tr
Saudi Arabia projects 2027 budget deficit at 3.6% of GDP
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