Saudi budget for Q3: Actual expenditures 339.4 billion riyals and revenues 309.2 billion riyals

Data from the state’s general budget during the third quarter of 2024 revealed a decrease in total actual expenditures to 339.443 billion riyals.

Total revenues during the third quarter of 2024 amounted to about 309.208 billion riyals, compared to what they were in the second quarter of 2023, which amounted to 258.5 billion riyals.

The government of the Kingdom of Saudi Arabia aims to continue supporting economic growth and continue to raise the level of services provided to citizens and residents in various sectors by increasing transformational spending while maintaining financial sustainability, as the Saudi economy is expected to continue recording positive growth rates in 2024 and in the medium term. Thanks to the structural reforms and strategies emanating from Saudi Vision 2030, which contributed to diversifying the economic base, exploiting potential economic growth opportunities, providing an attractive investment environment, and enhancing the role of the private sector, in addition to supporting the growth of promising sectors.