Saudi actual budget for 2022: the public debt is close to SR ‎trillion, Government borrowed SR125.4 bln in a year, repaid ‎SR73.3 bln

The Saudi Ministry of Finance revealed that the public debt of the Kingdom of Saudi Arabia increased to 990.08 billion riyals, by the end of the fourth quarter of the year 2022, an increase of 52.07 billion riyals from its levels at the end of the year 2021, which was 938.01 billion riyals.

According to the budget statement, the increase came from local issuances and borrowings, at a value of 106.7 billion riyals during the year 2022, while about 50.4 billion riyals of the principal debt was paid during the same period.

According to what was disclosed by the statement, the level of foreign debt decreased to 375.13 billion riyals, a decline of 4.14 billion riyals from its levels at the end of the year 2021, which was 379.263, as 18.75 billion riyals were issued in foreign debt, and it paid 22.8 billion riyals of external debt.

The Ministry of Finance announced the actual figures for the Saudi budget for the year 2022, with revenues amounting to 1.268 trillion riyals, and expenditures 1.16 trillion riyals, with a surplus of 103.855 billion riyals, after the previous figures indicated that the actual revenues for the year 2022 amounted to 1234 billion riyals. Expenses are 1132 billion riyals, and the surplus is 102 billion riyals.

According to the statement of the Ministry of Finance, revenues for the fourth quarter of the year 2022 amounted to 318 billion riyals, expenses 363.7 billion riyals, and a deficit of 45.7 billion riyals, and oil revenues rose to 194.2 billion riyals by the end of the fourth quarter 2022, by 17% compared to the same quarter of 2021, which was 165.5. One billion riyals, while non-oil revenues grew by 19% and amounted to 123.8 billion riyals, compared to 103.7 billion riyals in the comparative quarter of the previous year.