Saudi Arabia announces completion of annual borrowing plan

06/05/2026 05:01 AST

Saudi Arabia's National Debt Management Center has completed the annual borrowing plan, securing approximately 90 percent of the nation's funding needs before the Middle East conflict.

In a statement, NDMC said the milestone reflects the effectiveness of proactive planning and flexible execution in managing the Kingdom's financing needs.

According to the plan, the country's projected funding requirements for 2026 are estimated at approximately SR217 billion ($57.8 billion).

The update comes as Saudi Arabia continues to pursue a disciplined debt strategy under its broader fiscal reform agenda, aimed at balancing growth spending with long-term sustainability.

In recent years, the Kingdom has increasingly relied on a mix of domestic issuances and diversified financing tools, including bonds, sukuk, and private placements, to meet rising funding needs linked to Vision 2030 projects.

"While issuances in international public markets were selectively reduced from initial expectations in the 2026 Annual Borrowing Plan, NDMC successfully met its funding needs through private channels and the local market," the statement said.

It added: "This approach underscores the Kingdom's commitment to maintaining public debt sustainability and diversifying its funding sources and instruments. NDMC will continue to monitor international public markets and consider accessing them when favorable opportunities arise, with the aim of meeting future financing needs."

The borrowing framework aims to maintain debt sustainability while diversifying funding sources across domestic and international markets through both public and private channels.

In a statement released in January, the Ministry of Finance said the annual borrowing plan is expected to support debt sustainability and diversify funding sources across domestic and international markets through public and private channels, including bonds, sukuk, and loans at competitive cost.

The plan also aims to develop and implement the Kingdom's public debt policy while securing financing at the lowest possible cost over the medium to long term.

Arab News