Saudi Arabia is weighing additional international borrowing of roughly USD 10–12 billion before the end of 2026, as part of its annual funding program overseen by the National Debt Management Center under the Ministry of Finance.

The Kingdom's total financing requirement for 2026 stands at about SAR 217 billion, covering the budget deficit along with around SAR 52 billion in principal repayments on existing debt. The 2026 plan sets a target of sourcing between 25% and 30% of this financing from international markets, equivalent to roughly SAR 54–65 billion, or about USD 14.5–17.4 billion.

The Kingdom has already been active in global markets this year. In January 2026, it issued USD 11.5 billion, approximately SAR 43.13 billion, in international bonds. A further USD 3 billion sukuk issuance followed, after which the projected additional international issuance of USD 10–12 billion before year-end was outlined.

The 2026 financing framework allows the government to tap a range of channels, including international and domestic bonds, sukuk, loans, and private-market funding, giving authorities flexibility in how and when they raise funds.

Why it matters

For residents and businesses in the Kingdom, sovereign borrowing of this kind helps fund the national budget and supports continued investment in infrastructure and development projects. This activity takes place entirely at the government level and does not involve any fees, applications, or consumer-facing steps for individuals or companies.


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Saudi Arabia Eyes Up to $12bn in Global Debt by Year-End | Saudi Living