The Saudi Minister of Finance approves the annual borrowing plan for the year 2025 at 139 billion riyals
The plan included the most prominent developments in public debt for the year 2024 AD, local debt market initiatives, in addition to the financing plan for 2025 AD and its guidelines, with a review of the evaluation of the issuances of the Kingdom’s local sukuk program in Saudi riyals for the year 2025 AD.
According to the plan, the expected financing needs for the year 2025 will reach approximately 139 billion riyals. To cover the expected deficit in the state’s general budget for the year 2025 AD, which is estimated at approximately 101 billion riyals, according to the Ministry of Finance’s statement of the state’s general budget for the fiscal year 2025 AD, and to pay the principal dues during the current year 2025 AD amounting to the equivalent of 38 billion riyals.
To enhance the sustainability of the Kingdom’s access to various debt markets and expand the investor base, the Kingdom aims during the year 2025 to continue diversifying local and international financing channels to cover financing needs with the required efficiency, by issuing sovereign debt instruments at a fair price within well-studied risk management frameworks and foundations, in addition to taking advantage of market opportunities. To expand the implementation of special financing operations that contribute to enhancing economic growth, such as financing through export credit agencies, financing infrastructure development projects, financing capital expenditures, and studying available opportunities. To enter new markets and currencies.
