Signal · Geopolitical Risk

‎Saudi Q2 budget: SAR 338.8B revenue, SAR 373B spending

Argaam - Main News Trade press Published 30th July 2026 Saudi Arabia

What the source reported

Source-reported

‎<img src="https://argaamplus.s3.amazonaws.com/912b21e3-8285-4295-86c6-a802e8637e08.png" > <hr> The Saudi Ministry of Finance announced today, July30, the (actual) general budget for the Kingdom for the second quarter of 2026. According to official data, the second-quarter revenues reached SAR 338.8 billion, while general expenditures totaled SAR 373.1 billion. The budget deficit for Q2 2026 stood at SAR 34.3 billion. <table border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="4" > Saudi Budget’s 2026 Actual Revenue Expenditure (SAR bln) </td> </tr> <tr > <td > Year </td> <td > Revenue </td> <td > Expenditure </td> <td > Surplus/(Deficit) </td> </tr> <tr > <td > Q1 </td> <td > 261 </td> <td > 387 </td> <td > (126) </td> </tr> <tr > <td > Q2 </td> <td > 339 </td> <td > 373 </td> <td > (34) </td> </tr> <tr > <td > Q3 </td> <td > -- </td> <td > -- </td> <td > -- </td> </tr> <tr > <td > Q4 </td> <td > -- </td> <td > -- </td> <td > -- </td> </tr> <tr > <td > 2026 (Estimates) </td> <td > 1147.4 </td> <td > 1312.8 </td> <td > (165.4) </td> </tr> </tbody> </table> <div> <div data-olk-copy-source="MessageBody" >Actual revenue</div> <div aria-hidden="true" ></div> <div >Actual revenue for H1 2026 reached SAR 600 billion, up about 6% from the first half of 2025.</div> <div ></div> <div >Oil revenue totaled SAR 330 billion during the first half, while non-oil revenue reached SAR 270 billion.</div> <div ></div> <div aria-hidden="true" > <table border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="4" > Actual Revenue Breakdown (SAR bln) </td> </tr> <tr > <td > Revenues </td> <td > H1 2025 </td> <td > H1 2026 </td> <td > Change </td> </tr> <tr > <td > Oil revenues </td> <td > 301.54 </td> <td > 329.85 </td> <td > 9% </td> </tr> <tr > <td > Non-oil revenues </td> <td > 263.67 </td> <td > 269.91 </td> <td > 2% </td> </tr> <tr > <td > Taxes on income, profit capital gains </td> <td > 20.43 </td> <td > 20.91 </td> <td > 2% </td> </tr> <tr > <td > Taxes on goods services </td> <td > 146.51 </td> <td > 154.06 </td> <td > 5% </td> </tr> <tr > <td > Taxes on international trade transactions </td> <td > 11.88 </td> <td > 10.34 </td> <td > (13%) </td> </tr> <tr > <td > Other taxes </td> <td > 30.57 </td> <td > 31.7 </td> <td > 4% </td> </tr> <tr > <td > Other revenues </td> <td > 54.27 </td> <td > 52.91 </td> <td > (3%) </td> </tr> <tr > <td > Total </td> <td > 565.21 </td> <td > 599.76 </td> <td > 6% </td> </tr> </tbody> </table> </div> <div ></div> <div >Actual expenditure</div> <div ></div> <div >Actual expenditure for the first half of 2026 totaled SAR 760 billion, up 15% year-on-year.</div> <div></div> <div> <table border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="4" > Actual Expenditure(SAR bln) </td> </tr> <tr > <td > Expenditure </td> <td > H1 2025 </td> <td > H1 2026 </td> <td > Change </td> </tr> <tr > <td > Employee compensation  </td> <td > 286.49 </td> <td > 295.73 </td> <td > 3 % </td> </tr> <tr > <td > Use of goods services </td> <td > 138.21 </td> <td > 172.34 </td> <td > 25 % </td> </tr> <tr > <td > Financing expenses </td> <td > 24.33 </td> <td > 29.10 </td> <td > 20 % </td> </tr> <tr > <td > Subsidies </td> <td > 14.18 </td> <td > 30.80 </td> <td > 117 % </td> </tr> <tr > <td > Grants </td> <td > 0.69 </td> <td > 2.20 </td> <td > 219 % </td> </tr> <tr > <td > Social benefits </td> <td > 69.64 </td> <td > 73.53 </td> <td > 6 % </td> </tr> <tr > <td > Other expenses </td> <td > 57.21 </td> <td > 66.70 </td> <td > 17 % </td> </tr> <tr > <td > Non-financial assets (CAPEX) </td> <td > 67.70 </td> <td > 89.66 </td> <td > 32 % </td> </tr> <tr > <td > Total </td> <td > 658.45 </td> <td > 759.76 </td> <td > 15 % </td> </tr> </tbody> </table> Spending Breakdown: The government allocated SAR 125 billion to the military sector, SAR 171 billion to the health and social development sector, and nearly SAR 110 billion to the education sector in the H1 2026 budget. <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="2" > ActualSpendinginH1 2026(SAR bln) </td> </tr> <tr > <td > Sector </td> <td > Actual Spending </td> </tr> <tr > <td > General Administration </td> <td > 34.06 </td> </tr> <tr > <td > Military </td> <td > 124.57 </td> </tr> <tr > <td > Security and Regional Administration </td> <td > 66.82 </td> </tr> <tr > <td > Municipal Services </td> <td > 46.25 </td> </tr> <tr > <td > Education </td> <td > 109.73 </td> </tr> <tr > <td > Health and Social Development </td> <td > 170.61 </td> </tr> <tr > <td > Economic Resources </td> <td > 56.48 </td> </tr> <tr > <td > Infrastructure and Transportation </td> <td > 22.42 </td> </tr> <tr > <td > General Items </td> <td > 128.81 </td> </tr> <tr > <td > Total </td> <td > 759.76 </td> </tr> </tbody> </table> <div ></div> Public Debt: Total public debt rose to around SAR 1.68 trillion at the end of H1 2026, compared with SAR 1.51 trillion at the end of 2025. <table align="left" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="2" > Public Debt (SAR bln) </td> </tr> <tr > <td > Period </td> <td > Total </td> </tr> <tr > <td > 2025 </td> <td > 1519.01 </td> </tr> <tr > <td > H1 2026 </td> <td > 1684.99 </td> </tr> </tbody> </table> <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="3" > Public Debt byH1 2026-End (SAR bln) </td> </tr> <tr > <td > Period </td> <td > Domestic Debt </td> <td > External Debt </td> </tr> <tr > <td rowspan="2" > Beginning of period balance </td> <td colspan="2" > 1519.01 </td> </tr> <tr > <td > 943.35 </td> <td > 575.65 </td> </tr> <tr > <td > Issuances/(borrowing) </td> <td > 138.71 </td> <td > 50.08 </td> </tr> <tr > <td > Principal repayment </td> <td > (21.97) </td> <td > (0.83) </td> </tr> <tr > <td > Amortization of government bonds </td> <td > 0 </td> <td > 0 </td> </tr> <tr > <td rowspan="2" > End of periodbalance </td> <td > 1060.09 </td> <td > 624.90 </td> </tr> <tr > <td colspan="2" > 1684.99 </td> </tr> </tbody> </table> <div></div> <table border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="2" > H1 2026 Budget Surplus/Deficit Funding Sources (SAR bln) </td> </tr> <tr > <td > Item </td> <td > Total </td> </tr> <tr > <td > Surplus/(Deficit) </td> <td > (160.0) </td> </tr> <tr > <td colspan="2" > Funding </td> </tr> <tr > <td > Government Reserves </td> <td > 0 </td> </tr> <tr > <td > Borrowing </td> <td > 160.0 </td> </tr> <tr > <td > Total </td> <td > 160.0 </td> </tr> </tbody> </table> </div> </div>

Publication: Argaam - Main News · Trade Publication
Published: 30th July 2026
Original report: argaam.com

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What ProcIntel recorded

ProcIntel-derived

Category: Geopolitical Risk
Geography: Saudi Arabia
Organisations: None identified
Collected: 31st July 2026 · 10:19

Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.

Significance 1 · Low

Confidence 2 · Low

Initial Significance Low (14.0/100). Strongest contributor: Procurement Impact (6.0/30 points). Limiting factor: Geographic Breadth (0.0/10 points). Initial Confidence Low (31.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (2.5/25 points).

Strongest contributor: Procurement Impact
Limiting factor: Geographic Breadth

What the source reported

What ProcIntel recorded

Initial assessment ⓘMore about Initial Signal AssessmentProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.