Saudi Arabia Unveils $37 Billion Borrowing Plan for 2025

Saudi Arabia's Finance Minister Mohammed Al Jadaan has approved a borrowing plan for 2025, targeting an estimated funding of SAR139 billion ($37 billion) to address a projected budget deficit of SAR101 billion. The plan, endorsed by the National Debt Management Center, includes provisions for repaying SAR38 billion in maturing debts and aims to diversify funding sources through sovereign debt instruments, export credit agency financing, and infrastructure project investments. This strategy aligns with the kingdom's Vision 2030 ambitions, emphasizing sustainable economic growth and fiscal stability. Furthermore, the government recently secured a $2.5 billion sharia-compliant revolving credit facility to enhance its financial resilience. The initiatives outlined in the plan underscore Saudi Arabia's commitment to maintaining robust risk management practices and expanding its access to both local and international debt markets.