ºÚÁÏÉçÇø posts non-oil revenue growth in Q3

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RIYADH: Non-oil revenues in ºÚÁÏÉçÇø rose 1 percent year on year in the third quarter of 2025 to SR119.1 billion ($31.76 billion), according to the Ministry of Finance. 

The government’s budget performance report for the three months to the end of September also revealed a budget deficit of SR88.5 billion,

Capital expenditures reached SR49.9 billion, up 4 percent compared to the same period of 2024, while overall revenues declined 13 percent year on year to SR269.9 billion. 

Oil revenues fell sharply by 21 percent year on year to SR150.8 billion in the third quarter. This decline significantly impacted total revenue performance, which dropped to SR269.9 billion during the period. 

Total expenditures rose 6 percent to SR358.4 billion, driven in part by increased capital outlays and ongoing public sector commitments. This spending contributed to a quarterly budget deficit of SR88.5 billion. 

Cumulatively, non-oil revenues for the first nine months of 2025 increased 3 percent to SR382.7 billion, reflecting the government’s continued push toward diversifying its fiscal base under Vision 2030.