US EditionSpending pushes Saudi fiscal deficit to $31bn in 2024
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Spending pushes Saudi fiscal deficit to $31bn in 2024
Saudi Arabia’s fiscal deficit reached SAR116 billion ($31 billion) in 2024, driven by a 6 percent rise in expenditure, according to the ministry of finance. The deficit was in line with revised predictions made in September but roughly 50 percent higher than the SAR79 billion ($21 billion) projected at the start of the fiscal year.Increased expenditure comes at a time of high spending across the kingdom on infrastructure giga-projects in support…
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