RIYADH: Saudi Arabia’s structural shift toward non-oil revenue is strengthening its economic resilience, even as the Kingdom’s widening fiscal deficit and ambitious digital expansion create fresh funding needs, a new analysis showed. The government posted a SR160 billion ($42.7 billion) fiscal deficit in the first half of 2026, 71 percent higher than the SR93 billion deficit a year earlier, largely because of increased capital spending, S&P Global Ratings said. S&P forecasts the deficit will w
Saudi non-oil economy gains resilience as banks seek new funding: S&P
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