Ansarollah Website – Reports
Credit rating agency Fitch stated that Saudi Arabia's pre-budget statement for 2027 highlighted fiscal pressures stemming from the U.S. war on Iran, projecting higher spending and a widening budget deficit.
Fitch noted on Monday that the Kingdom forecasted a fiscal deficit of 4.9% of Gross Domestic Product (GDP) in 2026, exceeding the target set in that year's budget, though lower than the 5.8% deficit recorded in 2025.
Earlier, Bloomberg reported that Saudi Arabia is in early talks to raise at least $8 billion through a new loan, as part of its efforts to diversify funding sources amid the economic fallout of the U.S.-Zionist war on Iran.
Citing informed sources, Bloomberg stated that the Kingdom’s National Debt Management Center (NDMC) has begun sounding out banks regarding a potential transaction.
The Saudi efforts come as the Kingdom and other Gulf nations grapple with the economic repercussions of the war on Iran.
Saudi Arabia has emerged as one of the most active sovereign borrowers among emerging markets, having raised approximately $6 billion from domestic and international bonds this year, while state oil giant Aramco raised an additional $4 billion.
Additionally, its sovereign wealth fund raised $7 billion in May, in one of the first public market transactions since the outbreak of the war on Iran.
