The Saudi budget recorded total revenues of about 1.21 trillion riyals in 2023, compared to total expenses of about 1.29 trillion riyals, bringing the deficit to about 81 billion riyals.
According to data from the Saudi Ministry of Finance, the value of actual budget revenues in the fourth quarter of 2023 amounted to about 357.984 billion riyals. While the value of budget expenses in the fourth quarter of 2023 amounted to about 394.979 billion riyals.
The value of actual non-oil revenues in 2023 amounted to about 457.728 billion riyals, an annual increase of 11 percent. While non-oil revenues in the fourth quarter of 2023 amounted to about 108.773 billion riyals. Actual oil revenues amounted to about 754.6 billion riyals in 2023, while oil revenues increased 28 percent year-on-year to 249.2 billion riyals in the last quarter of 2023.
Source (Al-Arabiya.net Website, Edited)
