Riyadh – Mubasher: Saudi Arabia registered a budget surplus of SAR 27.8 billion ($7.41 billion) in the first quarter of 2019.
The kingdom’s total expenditures grew by 8%, or SAR 16.98 billion, to SAR 217.57 billion in Q1-19, compared to SAR 200.59 billion in the year-ago period, according to data released by the Saudi finance ministry.
Meanwhile, the GCC country’s oil revenues surged by 48% year-on-year to SAR 169.087 billion from SAR 113.947 billion in Q1-18.
In addition, Saudi Arabia’s non-oil revenues climbed by 46% to SAR 76.319 billion in Q1-19, compared to SAR 52.316 billion in the corresponding period a year earlier.
