Saudi Arabia announces a deficit of 12.38 billion riyals in the first quarter budget

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Saudi Arabia’s oil revenues increased by 2% to 181.92 billion riyals in the first quarter of 2024, compared to 178.6 billion riyals in the first quarter of 2023.

She announced Saudi Ministry of Finance Today, we announced the actual results of the budget performance for the first quarter of the year 2024, where the deficit reached 12.387 billion riyals, as a result of an increase in expenses by 8% to 305.8 billion riyals in the first quarter of the year 2024 compared to 283.8 billion riyals in the first quarter of the year 2023, while revenues increased. By 4% to 293.4 billion riyals, compared to 280.9 billion riyals in the first quarter of 2023.

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Oil revenues increased by 2% to 181.92 billion riyals in the first quarter of 2024 compared to 178.6 billion riyals in the first quarter of 2023, while non-oil revenues increased by 9% to 111.5 billion riyals in the first quarter of 2024 compared to 102.33 billion. Riyals in the first quarter of 2023.

 

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