Saudi budget to be announced on Wednesday

Update The Saudi Cabinet will hold a session on Wednesday to approve the State's General Budget for the new fiscal year. (SPA/File Photo)
The Saudi Cabinet will hold a session on Wednesday to approve the State's General Budget for the new fiscal year. (SPA/File Photo)
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Updated 05 December 2022
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Saudi budget to be announced on Wednesday

Saudi budget to be announced on Wednesday
  • The Kingdom reported a budget surplus of SR149.6 billion ($40 billion) in the first nine months of 2022

RIYADH: The Saudi Cabinet will hold a session on Wednesday to approve the State's General Budget for the new fiscal year, Saudi Press Agency reported.

The Kingdom reported a budget surplus of SR149.6 billion ($40 billion) in the first nine months of 2022, according to data from the Ministry of Finance released in October.

Their data showed revenues amounting to SR950.2 billion, compared to expenditures of SR800.7 billion.