Arab Press

بالشعب و للشعب
Friday, Jun 20, 2025

Saudi Arabia posts budget surplus of over SR14 billion in Q3 of 2022

Saudi Arabia posts budget surplus of over SR14 billion in Q3 of 2022

Saudi Arabia’s general budget recorded SR14.14 billion surplus during the third quarter of 2022, the Ministry of Finance announced on Monday.
According to the ministry report, the budgetary revenues amounted to about SR301.86 billion, and expenditures stood at SR287.72 billion.

The ministry announced on Monday the second quarter report regarding the actual performance of the state’s general budget for the year 2022. The report revealed that the Kingdom’s revenues from the beginning of the year 2022 until the third quarter amounted to about SR950.19 billion and expenditures reached SR800.67 billion, while the surplus amounted to SR149.54 billion.

Oil revenues for the third quarter exceeded SR229 billion, bringing the total oil revenues from the beginning of the year to SR663 billion, with an increase of 67 percent compared to SR396.7 billion during the same period last year.

As for non-oil revenue for the Q3 of this year, it exceeded SR72.84 billion, bringing the total from the beginning of the year to SR287 billion, with a decrease of four percent compared to SR299.54 the same period last year.

The health and social development sector and military sector recorded the highest expenditures. The health and social development sector posted SR153 billion that accounts for 111 percent of the allocations amounting to SR138 billion, while the military sector registered SR159 billion out of the total allocations of SR170.9 billion for the fiscal year.

The ministry statement noted that education sector recorded SR146 billion, representing 79 percent of the budgetary allocations amounting to SR185 billion for the current financial year. The expenditures of municipal services accounted for 90 percent of the allocations with a spending of SR44.48 billion out of the total allocations of SR49.58 billion, the statement added.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
UK Deploys Jets to Middle East Amid Rising Tensions
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
Trump to Iran: Make a Deal — Sign or Die
Operation "Like a Lion": Israel Strikes Iran in Unprecedented Offensive
Israel Launches 'Operation Rising Lion' Targeting Iranian Nuclear and Military Sites
Israeli Forces Intercept Gaza-Bound Aid Vessel Carrying Greta Thunberg
IMF Warns of Severe Global Trade War Impacts on Emerging Markets
Syria to Reconnect to Global Economy After 14 Years of Isolation
Saudi Arabia Faces Uncertainty Over Succession After Mohammed bin Salman
Israel Confirms Arming Gaza Clan to Counter Hamas Influence
Majority of French Voters View Macron's Presidency as a Failure
U.S. Reduces Military Presence in Syria
Trump Demands Iran End All Uranium Enrichment in Nuclear Talks
Iran Warns Europe Against Politicizing UN Nuclear Report
Businessman Mauled by Lion at Luxury Namibian Lodge
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
Head of Gaza Aid Group Resigns Amid Humanitarian Concerns
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
×