Saudi Arabia has approved its annual borrowing plan for the 2026 fiscal year, outlining the Kingdom’s financing strategy and public debt framework for the year.
The plan was endorsed by the board of directors of the National Debt Management Center and approved by Mohammed Al Jadaan, Saudi Arabia’s Minister of Finance and chairman of the centre, according to local media reports.
Under the plan, Saudi Arabia’s total financing needs for 2026 are estimated at around SR217 billion ($57.9 billion). This includes funding to cover the projected budget deficit for the year, estimated at approximately SR165 billion, as well as the repayment of debt principal maturing in 2026, estimated at about SR52 billion.
The borrowing framework also reviews developments in public debt during 2025 and outlines initiatives aimed at strengthening the local debt market. It includes guidance for financing in 2026, along with a review of the issuance calendar for Saudi riyal-denominated sukuk.
Authorities said the 2026 strategy is designed to maintain debt sustainability while expanding the Kingdom’s investor base and diversifying funding sources in both domestic and international markets.
Financing will be raised through a combination of bonds, sukuk and loans, issued at what officials described as appropriate and competitive cost levels.
The plan also highlights efforts to expand alternative forms of government financing, including project and infrastructure financing, as well as the use of export credit agencies. These initiatives are expected to continue throughout 2026 and over the medium term, supported by structured risk-management frameworks.
