It reached $36 billion in revenues that jumped 49% during the first half of the year
In a performance that exceeded government estimates for the current year’s surplus, the actual Saudi budget for the first half of this year recorded a surplus of 135.3 billion riyals ($36 billion), amid revenues of 648.3 billion riyals ($172.8 billion), and expenditures of 512.9 billion riyals ($136 billion). , according to what was announced by the Ministry of Finance yesterday.
These results come at a time when the government budget for the current year estimated total revenues exceeding one trillion riyals, specifically 1.045 trillion riyals (278.6 billion dollars), compared to total expenditures estimated at 955 billion riyals (254.6 billion dollars), i.e. a surplus of regarding 90 billion riyals (24 billion dollars). ), which was exceeded by the actual surpluses for the first half of this year.
A statistical report issued by the Ministry of Finance stated that the performance of the first half of the current fiscal year (2022) recorded a growth of 49%, which is the same rate by which the revenues of the second quarter grew compared to the first quarter of this year.
According to the report, revenues generated from oil revenues rose by 75 percent during the first half compared to the same period last year, reaching 434 billion riyals ($115.7 billion), while non-oil revenues continued their performance growth, achieving an increase of 5 percent.
Experts told Asharq Al-Awsat that energy prices and the non-oil sector were able to support the country’s general budget during the first six months, at the same time in which the state’s plans focused on diversifying sources and financial reforms that the country has led for years succeeded in reflecting on the performance of the general budget. .
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