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Saudi Arabia's budget figures for the second trimester of 2018 showed a 67 percent rise in quarterly revenues to 273.6 billion riyals. Non-oil revenues increased by 42 % to about 90 billion riyals. According to the Saudi Ministry of Finance, total revenue for the second trimester was 273.588 billion riyals, recording a 67 % rise compared to the same quarter last year.
Non-oil revenues for the second trimester amounted to SR 89.423 billion, a growth rate of 42% compared to the same quarter last year. While the oil revenues amounted to 184.165 billion riyals with a growth rate of (82%) compared to the same trimester last year driven by the improvement of oil prices in the global markets.
In return, the total expenses amounted to 280.950 billion riyals, recording an increase of 34% compared to the same trimester of last year. While the second-quarter deficit was SAR 7.361 billion, recording an 84% deficit as a result of positive growth in revenues.
Whereas, the public debt rose from 443.253 billion riyals at the beginning of the current year 2018 to reach 536.954 billion riyals by the end of the second trimester.