His Excellency the Minister of Finance and the Chairman of the National Debt Management Center, Mr. Mohammed Abdullah Aljadaan, has approved the Annual Borrowing Plan for the fiscal year 2026, following its endorsement by the Board of Directors of the National Debt Management Center. The plan highlights key developments in public debt for 2025, initiatives related to local debt markets, and the funding plan for 2026 and its guiding principles, in addition to the 2026 issuances' calendar for the Local Saudi Sukuk Issuance Program in Saudi Riyal.
According to the plan, the projected funding needs for 2026 are estimated at approximately SAR (217) Bn. This amount is intended to cover the anticipated budget deficit of SAR (165) Bn for the fiscal year 2026, as outlined in the Ministry of Finance's Official Budget Statement, as well as the principal repayments for the debt maturing in the current year, 2026, amounting to approximately SAR (52) Bn
In 2026, the Kingdom aims to maintain debt sustainability, diversify funding sources between domestic and international markets through public and private channels by issuing bonds, sukuk, and loans at a 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.