His Excellency Mohammed Abdullah Aljadaan, Minister of Finance and Chairman of the National Debt Management Center, has approved Saudi Arabia’s Annual Borrowing Plan for 2026. The plan was endorsed by the Board of Directors of the National Debt Management Center.
The borrowing plan outlines key developments in public debt for 2025, initiatives related to local debt markets, and provides details on the funding strategy for 2026. It also includes the issuance calendar for the Local Saudi Sukuk Issuance Program in Saudi Riyal.
According to the plan, Saudi Arabia’s projected funding needs for 2026 are estimated at about SAR 217 billion. This amount is intended to cover an anticipated budget deficit of SAR 165 billion for fiscal year 2026, as stated in the Ministry of Finance’s Official Budget Statement. In addition, approximately SAR 52 billion will be used to repay maturing debt during that year.
The Kingdom plans to maintain debt sustainability and diversify its funding sources between domestic and international markets through public and private channels. These efforts will involve issuing bonds, sukuk, and loans at what it describes as a fair cost. The government also intends to expand alternative funding methods such as project and infrastructure financing and working with export credit agencies during fiscal year 2026 and over the medium term. All these actions will be conducted within established risk management frameworks.
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