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  • Saudi Arabia’s first-quarter budget slips into deficit at $9.1 billion as oil revenue slides

Saudi Arabia’s first-quarter budget slips into deficit at $9.1 billion as oil revenue slides

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29 Apr 2020 12:04:47 GMT9
29 Apr 2020 12:04:47 GMT9

Reuters

RIYADH: Saudi Arabia’s budget deficit in the first quarter of 2020 stood at SR34.107 billion ($9.07 billion), the finance ministry said on Wednesday.

Total revenues in the first quarter reached SR192.072 billion, down 22% from the same period last year, the ministry said in a statement on its website.

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