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Middle East News

The Times of India News

Middle East / The Times of India

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Saudi Finance Minister approves SR217 ($57.9) billion borrowing plan for 2026

Saudi Arabia has approved a SR217 billion borrowing plan for 2026 to meet its fiscal needs. The funds will cover an anticipated budget deficit of SR165 billion and repay around SR52 billion in maturing debt. The plan focuses on maintaining debt sustainability, diversifying funding sources through bonds, sukuk, and loans, and expanding alternative financing for projects and infrastructure.

4 Jan 2026 10:58 am