May 5 (Reuters) - Saudi Arabia's public debt agency, Saudi National Debt Management Center (NDMC), said on Tuesday it has completed its 2026 annual borrowing plan, having secured approximately 90% of the kingdom's funding needs prior to regional geopolitical events.

• NDMC said that while international public market issues had been reduced from initial plans, funding needs were met through private channels and local markets instead.

• In January, the kingdom approved its 2026 borrowing plan, with financing needs of about 217 billion riyals ($57.86 billion) as the oil-rich Gulf country pushes ahead with its economic diversification plans.

• The borrowing was intended to cover a projected budget deficit for the 2026 fiscal year of around $44 billion, and the repayment of principal due in 2026, amounting to about $13.87 billion, the finance ministry said.

• NDMC said it intends to use private channels and local markets as primary funding sources, if additional financing is needed.

• It added that it will continue monitoring international public markets for opportunities to meet future financing needs.