Saudi Arabia approves 58 bln USD borrowing plan for 2026
RIYADH, Jan. 3 (Xinhua) -- Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan on Saturday approved the country's Annual Borrowing Plan for the 2026 fiscal year.
The kingdom's funding needs for 2026 are projected at around 217 billion Saudi riyals (around 57.9 billion U.S. dollars), intended to cover an expected budget deficit of 165 billion riyals and repay about 52 billion riyals in maturing debt, the Saudi