Saudi budget to be announced on Wednesday

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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  • 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.