The Saudi budget recorded total revenues of about 258.5 billion riyals in the third quarter of 2023, compared to total expenses of about 294.3 billion riyals, bringing the deficit to about 35.77 billion riyals.
According to the quarterly report on the performance of the general budget issued by the Saudi Ministry of Finance, non-oil revenues increased by 53 percent to 111.5 billion riyals in the third quarter of 2023, compared to about 72.84 billion riyals in the same quarter of 2022. Oil revenues declined by 36% to about 147 billion riyals in the third quarter of 2023, compared to about 229 billion riyals in the same quarter of 2022.
The total expenditures in the budget increased by 2% to about 294.3 billion riyals in the third quarter of 2023, compared to about 287.7 billion riyals in the same quarter of 2022.
Source (Al-Arabiya.net Website, Edited)
