Riyadh - Mubasher: The Saudi Ministry of Finance (MoF) estimates oil revenues in the 2018 budget to increase by 11.8% to a total of SAR 492 billion, compared to SAR 440 billion in 2017.
These estimates are taking into consideration the financial effect of energy prices reform.
MoF revealed that total public revenues for 2018 is expected to reach SAR 783.
Oil returns are included the budget’s other revenues and is set to total SAR 641 billion, with a growth rate of 7% in 2017, reaching SAR 720 billion in 2020.
