Saudi Arabia's Minister of Finance and Chairman of the National Debt Management Center (NDMC) Mohammed Aljadaan has approved the annual borrowing plan for the fiscal year 2026, following its endorsement by the Board of Directors of NDMC.

According to the plan, projected funding needs for 2026 are estimated at SAR217 billion ($57.85 billion). This amount is intended to cover the anticipated budget deficit of SAR165 billion ($44 billion) for fiscal 2026, as outlined in the Ministry of Finance’s official budget statement, as well as principal repayments for debt maturing during the year, amounting to SAR52 billion, said a Saudi Press Agency report.

The plan highlights key developments in public debt during 2025, initiatives related to local debt markets, and the funding plan for 2026 and its guiding principles. It also includes the 2026 issuance calendar for the Local Saudi Sukuk Issuance Program in Saudi riyals.

In 2026, the Kingdom aims to maintain debt sustainability and diversify funding sources between domestic and international markets through public and private channels, by issuing bonds, sukuk, and loans at fair cost. It also plans to expand alternative government funding through project and infrastructure financing, as well as export credit agencies, during fiscal year 2026 and over the medium term, within prudent risk management frameworks and well-established foundations.