Today (Thursday), the Ministry of Finance announced that the actual results of the budget performance until the fourth quarter of 2022 recorded revenues amounting to 1.268 trillion riyals, expenses exceeding 1.164 trillion riyals, and a surplus of 103.85 billion riyals.
The report of the fourth quarter of the year 2022 on the performance of the state’s general budget, which was issued by the Ministry of Finance today, revealed that the revenues of the fourth quarter of 2022 amounted to 317.97 billion riyals, the expenditures amounted to 363.65 billion riyals, and the deficit amounted to 45.68 billion riyals.
Revenues increased during 2022 by 31%, as they were 965.5 billion riyals in 2021, and oil revenues increased by 52%, to reach 857.3 billion riyals, compared to 562.2 billion riyals in 2021, while non-oil revenues increased by 2%, to reach 410.9 billion riyals, compared to 403.3 billion. Real in 2021.
Expenditure increased during 2022 by 12%, as it was 1.039 trillion riyals in 2021.
Okaz (Jeddah) @Okaz_online