In detail: The Minister of Finance approves the borrowing plan for the fiscal year 2025

It was approved by the Minister of Finance for the fiscal year 2025, after it was approved by the Board of Directors of the National Debt Management Center.
The plan included the most prominent developments in public debt for the year 2024, local debt market initiatives, in addition to the financing plan for 2025 and its guidelines.
With a review of the issuance calendar of the Kingdom’s local sukuk program in Saudi riyals for the year 2025.

Expected financing needs

According to the plan, the expected financing needs for the year 2025 will amount to approximately 139 billion Saudi riyals, to cover the expected deficit in the state’s general budget for 2025, which is estimated at approximately 101 billion Saudi riyals.

This comes according to the Ministry of Finance’s statement of the state’s general budget for the fiscal year 2025, and the payment of principal dues during the current year 2025 amounting to the equivalent of 38 billion Saudi riyals.

Expanding the investor base

To enhance the sustainability of the Kingdom’s access to various debt markets and expand the investor base, the Kingdom aims during 2025 to continue diversifying local and international financing channels to cover financing needs with the required efficiency.
This is done by issuing sovereign debt instruments at a fair price within well-studied risk management frameworks and principles.
In addition to taking advantage of market opportunities to expand the implementation of special financing operations that contribute to enhancing economic growth, such as financing through export credit agencies and financing infrastructure development projects.
Financing capital expenditures, and studying opportunities to enter new markets and currencies.