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Saudi Arabia Approves $37B Borrowing Plan for 2025


Riyadh: Saudi Arabia’s Finance Ministry has announced that it approved a borrowing plan of $37 billion for the projected financial plan of 2025.



According to Anadolu Agency, the Finance Ministry stated late Sunday that it approved the annual borrowing plan worth 139 billion Saudi riyals ($37.02 billion) in 2025. This plan was sanctioned by the kingdom’s National Debt Management Center to address the potential budget deficit.



In November, the ministry estimated a budget deficit of SAR101 billion ($26.9 billion) for the year 2025. The plan includes nearly SAR38 billion ($10.1 billion) allocated for debt repayment.



Saudi Arabia aims to diversify both local and international financing channels to meet the 2025 funding needs. This will be achieved through issuing sovereign debt instruments at a fair cost.



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