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Saudi Arabia approved its state budget for 2026 on Tuesday (December 2), forecasting a narrower fiscal deficit as it shifts spending to priority sectors like industry and logistics in a push to increase non-oil revenue. The kingdom projected a deficit of 165 billion riyals ($44 billion), or about 3.3% of gross domestic product. That would be down from the 245 billion riyals it now estimates for this year after lower oil prices and production weighed on revenue and spending overshot the budgeted level by around 4%. --- Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News #firstpost #newslive #worldnews #latestnews #globalnews #news #internationalnews #trendingnews Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel. Subscribe to Firstpost channel and press the bell icon to get notified when we go live. / @firstpost Follow Firstpost on Website: https://www.firstpost.com Follow Firstpost on Instagram: / firstpost Follow Firstpost on Facebook: / firstpostin Follow Firstpost on X: / firstpost Follow Firstpost on WhatsApp: https://www.whatsapp.com/channel/0029...