The data issued by the Saudi Ministry of Finance on the budget situation in the second quarter of 2021 showed that the Kingdom’s quarterly revenues amounted to 248 billion riyals, compared to expenses of 252.7 billion riyals, bringing the budget deficit quarterly to 4.6 billion riyals.
The Saudi budget figures revealed that non-oil revenues grew by 31 percent to 116 billion riyals in the second quarter. The oil revenues also grew by 13% to 132 billion riyals in the second quarter of 2021.
The deficit level amounted to 12 billion riyals for the first half of 2021, while the revenues in the second quarter recorded a growth of 85 percent on an annual basis.
The Saudi budget figures showed an increase in the Kingdom's spending on health by 20% in the first half of 2021. While the total value of funding in the second quarter amounted to 21.5 billion riyals, and the volume of funding during the first half amounted to 51 billion riyals.
The public debt of Saudi Arabia rose to 922.8 billion riyals by the end of the second quarter of this year, compared to about 901.36 billion riyals at the end of the first quarter of the same year, with an increase of 2.4 percent. While the total internal debt ranged at 535.27 billion riyals, and the foreign debt amounted to 387.57 billion riyals at the end of the period.
Source (Al-Arabiya.net Website, Edited)
