The Union Budget immediately triggered concern in bond and currency markets after the government projected higher borrowing. Yields moved, the rupee faced pressure and commentary quickly labelled the move risky. But the debate is incomplete if it stops there. The decision was not an oversight.
Saudi Arabia’s Finance Ministry has approved a 2026 borrowing plan with financing needs of about $58 billion to support the government’s budget and debt obligations. The plan was endorsed by Finance Minister Mohammed Al-Jadaan and outlines how the kingdom will secure funds through domestic and international markets and alternative financing channels. Funding Purpose and















