Saudi Arabia Approves $57.87bn Annual Borrowing Plan for FY2026

Saudi Arabia has approved an annual borrowing plan of SAR 217 billion ($57.87 billion) for the 2026 fiscal year, aimed at financing the kingdom’s projected budget deficit and meeting upcoming debt obligations.

According to official disclosures, the financing requirement includes covering an estimated budget deficit of around SAR 165 billion ($44 billion), as well as repayment of maturing public debt worth approximately SAR 52 billion ($13.9 billion) during 2026 .

The borrowing plan will be executed through a diversified funding strategy, drawing from domestic and international debt markets, alongside alternative financing channels such as project finance and export credit facilities. Saudi authorities said the approach is designed to ensure cost efficiency, manage risks, and maintain long-term debt sustainability while continuing to deepen the kingdom’s capital markets .

Financing instruments under the plan will include a mix of bonds, sukuk, and loans, consistent with Saudi Arabia’s debt management framework. Officials reiterated that the borrowing strategy aligns with the country’s medium-term fiscal outlook and supports ongoing economic diversification efforts under Vision 2030 .

Saudi Arabia has increasingly relied on a balanced funding mix in recent years as it accelerates investment in infrastructure, tourism, logistics, and non-oil sectors, while seeking to maintain prudent control over public debt levels.