Riyadh, Saudi Arabia, Dec 2, 2025 (AFP) - Saudi powers forward with deficit spending to fund reforms

NAMPA / AFP
2025-12-02
Saudi Arabia greenlit its 2026 budget Tuesday, projecting a deficit of 165 billion riyals ($44 billion) as the kingdom presses on with an ambitious spending drive to diversify its oil-dependent economy. The Arab world's largest economy is overseeing a major push to slash its dependence on oil revenues, with officials pouring billions into projects to attract investment and tourism. To help meet that goal in the coming year, the ministry said the......
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KATIMA MULILO, 30 January 2025 - Simataa Mubonda (left) the chairperson of the Bukalo Village Council pictured earlier this year during the official handover of school mattresses to a school where he also serves as school board chairperson (Photo by: Michael Mutonga Liswaniso) NAMPA

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OUTJO, 01 December 2025 - Kunene Region Governor, Vipuakuje Muharukua (Photo by: Dalene Kooper) NAMPA

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OTJIWARONGO, 01 December 2025 - Minister of Health and Social Services, Dr Esperance Luvindao (L) launched the new guidelines for handling HIV/Aids and mother to child transmission documents at the 2025 commemoration of World Aids Day on Monday. (Photo by: Mulisa Simiyasa) NAMPA

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