A significant drop in the Saudi budget deficit



[ad_1]

A significant drop in the Saudi budget deficit

Reuters

expressive image

In the second quarter of 2021, Saudi Arabia recorded a deficit of 4.6 billion rials (about $ 1.23 billion), a significant drop from the 109.2 billion rials recorded in the same quarter a year ago. year, against a backdrop of collapsing oil prices.

On Monday, state television said the kingdom’s total revenue was 248 billion riyals, while expenses were 252.7 billion riyals.

The Saudi economy was hit hard in the second quarter of 2020 as oil revenues were affected by the historic drop in crude prices and non-oil revenues were affected by the Corona virus pandemic.

(dollar = 3.7502 rials)

Source: Reuters



[ad_2]
Source link