RIYADH: Saudi Arabia’s Finance Ministry said it looks at long-term and historical periods to ensure oil price outlook is more accurate, Arab News quoted Finance Minister Mohammed Al-Jadaan, as saying. Speaking at a budget forum in Riyadh, the finance minister said revenues are calculated based on structural income factors. He said the Saudi budget surplus … Read more
RIYADH: Saudi Arabia is expected to record a surplus of SR27 billion in 2023 and SR42 billion in 2024, Arab News quoted Finance Minister Mohammed Al-Jadaan, as saying, at a press conference; following the cabinet’s approval of the fiscal budget for 2022. He said the kingdom expects revenues to reach SR968 billion in 2023, while … Read more
RIYADH: Saudi Arabia approved its 2022 budget on Sunday, projecting a surplus for the first time since oil prices collapsed in 2014. King Salman said the improved fiscal situation for the world’s biggest oil exporter comes “after the Kingdom of Saudi Arabia has overcome the economic repercussions and the exceptional stages of the coronavirus pandemic”. Cited … Read more
