Saudi Budget H1: Revenues hit 647 billion riyals, expenditures reach 674.7 billion riyals

The actual Saudi budget data for the first half of this year revealed that revenues amounted to 647 billion riyals, while expenditures amounted to 674.7, with a deficit of 27.7 billion riyals.

For the second quarter specifically, revenues amounted to 357.5 billion riyals, while expenditures amounted to 368.9 billion riyals, with a deficit of 15.3 billion riyals.

According to the Ministry of Finance’s data today, which it announced a short while ago, oil revenues during the first half of this year amounted to 394.9 billion riyals, while non-oil revenues amounted to 252.1 billion riyals.

The budget data revealed that total tax revenues amounted to 199.11 billion riyals in the first half, including taxes (taxes on income, profits and capital gains, taxes on goods and services, taxes on international trade and transactions, and other taxes).