A report issued by the Saudi Ministry of Finance, regarding the actual budget figures for the second quarter, showed revenues that exceeded 370.3 billion riyals, including oil revenues that exceeded 250 billion riyals.
The value of non-oil revenues amounted to 120 billion riyals in the second quarter, in addition to 10.2 billion riyals, income taxes, profits and capital gains, and 64 billion riyals, tax revenues on goods and services, and 19 billion riyals, other taxes.
In the second quarter of 2022, the Saudi budget achieved other revenues of 20.2 billion riyals. The value of the Saudi budget surplus exceeded 135 billion riyals in the first half of 2022, including 57.5 billion riyals in the first quarter of 2022, and 77.9 billion riyals in the second quarter.
Total revenues in the first half of 2022 witnessed an increase of 43%, to 648.3 billion riyals, compared to 452.8 billion riyals, in the first half of 2021.
Total actual expenses for the second quarter of 2022 amounted to about 292.4 billion riyals, compared to 292.45 billion riyals in the second quarter of 2021, an increase of 16 percent.
Source (Al-Arabiya.net Website, Edited)
