Economy
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Publish date3 Nov 2018 - 15:01
Story Code : 373973

Saudi budget deficit hits over $13bn

Saudi Arabia’s Finance Ministry announced yesterday that its budget deficit had reached 48.977 billion riyals ($13.65 billion) after the end of the third quarter of this year.
Saudi budget deficit hits over $13bn
According to the ministry’s report, total revenues for the third quarter had increased 47 per cent compared to the same period last year where non-oil revenues amounted to 211.051 billion riyals ($56.261 billion) and oil revenues reached 452.062 billion riyals ($20.522 billion).
According to the report, Saudi public debt rose to 549.516 billion riyals ($46.652 billion).
The ministry said indicators show  that deficit rates have decreased compared to the same period last year.
https://taghribnews.com/vdcbzfbffrhbz9p.4eur.html
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