Finance Ministry issues its 2nd quarterly report on performance of State's Budget 2 Riyadh

Sunday 1438/11/21 - 2017/08/13
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The Assistant Minister for Technical Affairs said that the total expenditures during the second quarter amounted to SR 210,42 billion with a decrease of 1.3% compared to the same quarter last year. The actual expenditures rate during the second quarter was about 23% from the total budget estimated during the year, while the deficit in the second quarter reached SR 46,517 billion with a decrease of 20% compared to the deficit recorded in the same quarter last year; and the public debt increased from SR 316,580 billion to SR 341,4 billion, driven by successful Sukuk issuances.
The financial indicators for the performance of the general budget of the State for the first half of the fiscal year 1438 / 1439H (2017) are as follows:
- Total revenues for the first half amounted to SR 307,982 billion, an increase of 29% compared to the same period last year.
- Total expenditures for the first half amounted to SR 380,71 billion, a decrease of 2% compared to the same period last year.
- The deficit in the first half amounted to SR 72,728 billion, a decrease of 51% compared to the same period last year.
- Social sectors such as education, health, social development and municipal services accounted for 46% of the first half budget expenditures.
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15:59 LOCAL TIME 12:59 GMT