Saudi Arabia announces general budget for first quarter of 2021

Dubai: Saudi Arabia on Tuesday announced the general budget for the first quarter of 2021, with total revenue of 204.7 billion riyals and a deficit of 7.4 billion riyals.

Total spending stood at 212.2 billion riyals. Oil revenues amounted to 117 billion riyals, accounting for 57 per cent of the Kingdom’s total revenues. Meanwhile, non-oil revenues stood at 88 billion riyals in the period under review.