Saudi Arabia recorded a budget deficit of SR34.3 billion ($9.1 billion) in the second quarter of 2026, the Ministry of Finance reported on Thursday. Total revenue reached SR338.7 billion ($90.3 billion) while expenditure stood at SR373 billion ($99.5 billion). For the first half of 2026, total revenue was SR599.6 billion ($159.9 billion) against expenditure of SR759.8 billion ($202.6 billion), resulting in a cumulative deficit of SR160 billion ($42.7 billion). Oil revenue increased 28% quarter-on-quarter to SR185 billion ($49.3 billion) in the second quarter and rose 22% year-on-year. For the first half, oil revenue was up 9% year-on-year. Non-oil revenue grew 32% from the first quarter to SR154 billion ($41.1 billion), rising 3% year-on-year in the second quarter and 2% in the first half. Government expenditure declined 3.6% in the second quarter from the previous quarter to SR373 billion ($99.5 billion).