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The Ministry of Finance’s quarterly budget performance report released on July 30, 2026 detailed a SR34.3 billion deficit for the second quarter as total revenues came to SR338.7 billion against expenditures of SR373 billion. Oil revenues rose to SR185 billion during the period, reflecting gains both from the preceding quarter and the year-earlier comparison. The ministry’s figures illustrated continued strength in non-oil receipts that helped moderate the gap between income and spending.
According to the ministry’s data for the first half of 2026, cumulative revenues stood at SR599.6 billion while expenditures reached SR759.8 billion, producing a total deficit of SR160 billion. Those first-half results incorporate the second-quarter outcome together with the SR126 billion shortfall recorded in the opening three months of the year. The ministry has tracked such quarterly performance to monitor progress against broader fiscal targets set for the full calendar year.
The ministry’s report placed second-quarter oil revenues at SR185 billion, marking a 28 percent increase from the first quarter and a 22 percent rise compared with the same period in 2025. For the first six months of 2026, oil income advanced 9 percent year on year, the ministry stated. Such quarterly gains contributed the largest share of overall revenue during the April-to-June period.
Non-oil revenues climbed to SR154 billion in the second quarter, the ministry reported, registering a 32 percent jump from the first quarter, a 3 percent increase from the year-earlier quarter and a 2 percent gain for the first half relative to the corresponding period of 2025. The ministry has emphasized non-oil receipts as a key element in its economic diversification program. Second-quarter non-oil performance helped offset part of the expenditure burden that produced the period’s deficit.
Government expenditure declined 3.6 percent in the second quarter from the preceding quarter to SR373 billion, according to the ministry’s assessment. The ministry noted that this moderation followed higher outlays in the opening quarter that had included certain one-time payments and project disbursements. Quarterly expenditure reviews form part of the ministry’s ongoing fiscal management framework.
The Ministry of Finance earlier projected a full-year 2026 deficit of SR165.4 billion in its budget statement issued in December 2025, a figure that represented 3.3 percent of expected gross domestic product. That annual projection incorporated assumptions about both oil prices and the pace of non-oil revenue expansion throughout the year. The second-quarter results released on July 30 provide an initial indication of how actual performance is aligning with those forecasts midway through the fiscal period.
