Fitch says Saudi Arabia's 2027 pre-budget statement flags Iran war fiscal pressures
KSA•Fitch said Saudi Arabia's 2027 pre-budget statement highlighted fiscal pressures from the US-Iran war, with higher spending and wider deficits projected; the 2026 deficit is projected at 4.9% of GDP, versus 5.8% in 2025.
1. Deficit projections
Saudi Arabia projected a fiscal deficit of 4.9% of GDP in 2026, above the target set in its 2026 budget but below the 2025 deficit of 5.8%, Fitch said.
