Saudi Arabia’s public finances strengthened significantly in the second quarter of 2026, with total revenues reaching 338.8 billion riyals ($90.3 billion).
The figure represents a 12% increase compared to the same period last year, driven by robust growth in both oil-related and non-oil income streams.
With the Public Investment Fund (PIF) having reported a doubling of operating profit for fiscal year 2025 and total assets surging to $1.
This fiscal performance underscores the kingdom’s ongoing diversification efforts and its ability to generate substantial state revenue even amid fluctuating global energy markets.
The revenue surge provides Riyadh with greater fiscal headroom to sustain its ambitious Vision 2030 initiatives, including massive infrastructure and sovereign wealth fund investments.
With the Public Investment Fund (PIF) having reported a doubling of operating profit for fiscal year 2025 and total assets surging to $1.21 trillion, the state’s financial engine is operating at peak capacity.
The combination of higher state revenues and PIF profitability suggests that Saudi Arabia can continue to absorb external shocks while maintaining its strategic investment pace.