Finance Minister Approves 2026 Annual Borrowing Plan

 Minister of Finance and Chairman of the National Debt Management Center (NDMC) Mohammed Aljadaan approved the Annual Borrowing Plan for the fiscal year 2026, following its endorsement by the Board of Directors of the NDMC.

 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.

 According to the plan, projected funding needs for 2026 are estimated at approximately SAR217 billion. This amount is intended to cover the anticipated budget deficit of SAR165 billion for fiscal year 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 approximately SAR52 billion.

 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.