Saudi Arabia Projects 2.3% GDP Deficit by 2025

Saudi Arabia plans for a 2.3% Gross Domestic Product (GDP) deficit in 2025. The country's finance ministry estimates total expenditures of 1,285 billion riyals ($342 billion) and revenues of 1,184 billion riyals. Additionally, real GDP growth is expected to be 0.8% in 2024 and 4.6% in 2025.

Saudi Arabia is projected to post a GDP deficit of 2.3% in 2025, according to the finance ministry's preliminary budget statement released on Monday.

The kingdom's total expenditures are forecasted to reach 1,285 billion riyals ($342 billion), while revenues are anticipated to amount to 1,184 billion riyals in 2025.

The ministry also projects real GDP growth to be 0.8% in 2024 and 4.6% in 2025, a significant economic indicator for the region.

(With inputs from agencies.)