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2025 Saudi Arabia's Ministry of Finance forecasts a 2.3% GDP deficit, aims for 4.6% growth in face of oil price challenges.
Saudi Arabia's Ministry of Finance forecasts a 2.3% GDP deficit for Fiscal Year 2025, with expenditures projected at 1.28 trillion riyals ($0.34 trillion) and revenues at 1.18 trillion riyals.
The government aims to boost economic diversification through increased spending in non-oil sectors.
The anticipated real GDP growth is 0.8% for 2024, rising to 4.6% in 2025, amid ongoing challenges from lower oil prices and production cuts.
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2025 El Ministerio de Finanzas de Arabia Saudita prevé un déficit del 2,3% en el PIB, con un crecimiento del 4,6% frente a los desafíos del precio del petróleo.