Arab Press

بالشعب و للشعب
Saturday, Jul 12, 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
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Germany Seeks Taliban Deal to Deport Afghan Migrants
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Qatar Airways Clears Backlog of Passengers Following Missile Threats
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
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
×