Saudi Arabia’s non-oil revenues rose by 9 percent to reach SR111.51 billion ($29.73 billion) in the first quarter of 2024 as compared to the same period in 2023, the Ministry of Finance said.
Oil revenues rose 1.9 percent as compared to the first quarter of 2023 © Mena Today
Saudi Arabia’s non-oil revenues rose by 9 percent to reach SR111.51 billion ($29.73 billion) in the first quarter of 2024 as compared to the same period in 2023, the Ministry of Finance said.
In its quarterly budget performance report, the ministry said the Kingdom posted total revenues of SR293.43 billion in the same quarter, while its public spending amounted to SR305.82 billion.
According to official data, total revenues increased 4 percent as compared to Q1 of 2023.
In the first quarter of the current year, the Kingdom posted a budget deficit of SR12.39 billion with oil revenues reaching SR181.92 billion.
The report added that oil revenues rose 1.9 percent as compared to the first quarter of 2023.
The Kingdom allocated SR26.79 billion for municipal services in the first quarter of 2024, up 157 percent as compared to the same period in 2023.
The Islamic Revolutionary Guard Corps (IRGC) has issued what it apparently considers a fearsome ultimatum: condemn American-Israeli strikes on Iranian universities by noon Monday, or US university campuses across the Middle East will face "retaliation."
Pakistan hosted talks with Turkey, Egypt and Saudi Arabia on Sunday as part of its efforts to broker an end to the Iran war, with initial discussions focused on proposals to reopen the Strait of Hormuz to shipping, sources familiar with the matter said.
Pakistan will host Saudi Arabia, Turkey and Egypt for talks from Sunday on the Iran war as Islamabad positions itself as a potential venue for U.S.-Iran negotiations on the month-old conflict.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.