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Saudi Arabia’s budget data for the second quarter of 2021, according to a statement from the Ministry of Finance, which Al Arabiya.net received today on Monday, showed that the Kingdom’s quarterly revenues stood at $ 248 billion. riyals, against expenditure of 252.7 billion riyals. , bringing the quarterly budget deficit to 4.6 billion riyals.
Saudi budget figures showed non-oil revenue growth of 31% to 116 billion riyals in the second quarter.
In the second quarter of 2021, oil revenues increased 13% to 132 billion riyals.
The deficit level stood at 12 billion rials for the first half of 2021, while the second quarter revenue grew by 85% on an annual basis.
Saudi budget figures showed the kingdom’s health spending rose 20% in the first half of 2021.
The total value of second quarter financings was 21.5 billion riyal, while the volume of first half financings was 51 billion riyal.
Saudi Arabia’s finance ministry said an amount of total funding was not used to fund the deficit during the first half of the year, and will be used to pay the budget deficit for the remainder of the year. ‘year.
Saudi Arabia’s public debt rose at the end of the second quarter of this year to reach 922.8 billion riyals, from around 901.36 billion ri at the end of the first quarter of the same year, an increase 2.4%.
Total domestic debt stood at 535.27 billion riyal, while external debt stood at 387.57 billion riyal at the end of the period.
First quarter figures
In the first quarter of 2021, Saudi Arabia announced that it recorded quarterly revenues of 205 billion riyals, against expenditure of 212 billion rials, bringing the quarterly budget deficit to 7.4 billion riyals.
Saudi Arabia’s first quarter deficit was financed entirely by debt.
The Kingdom’s oil revenues in the first quarter amounted to 117 billion riyals, while non-oil revenues amounted to 88 billion riyals for the same quarter.
Thus, Saudi Arabia’s oil revenues made up 57% of total revenues in the first quarter of this year.
With these figures, the Kingdom achieved 24% of its expected revenues for the year 2021 in the first quarter of the year.
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