*Saudi Arabia's budget deficit more than doubled to a five-year high $73.8bn in 2025. This marks a significant upwards revision from the $65.3bn deficit estimated by the Ministry of Finance in December (MEES, 5 December 2025).
*The widening of the deficit was driven by a 20% decline in oil revenues to $161.7bn due to a steady drop in oil prices through the year. Oil’s share of total revenues dropped to 54.6% as a result, with non-oil revenues holding steady at just under $135bn. (CONTINUED - 191 WORDS)
