Finance Ministry Issues State Budget Performance Report for Q3 in 2017 2 Riyadh

  • 2/25/2023
  • 16:16
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The financial indicators for the performance of the general budget of the state for the third quarter of the fiscal year 1438/1439H (2017) are as follows: - Total revenues for the third quarter amounted to SR 142.1 billion, an increase of 11% compared to the same period last year. The non-oil revenues amounted to SR47,8 billion, an increase of 80% to the same period. These figures confirmed the feasibility of economic reforms. - Total expenditures for the third quarter amounted to SR 375,8 billion, an increase of 5% compared to the same period last year. - The deficit in the third quarter amounted to SR 48,7 billion. In a related context, the indicators for the performance of the state's budget for the nine months in 2017 were as follows: - The revenues in the first nine months SR450,1 billion, an increase of 23% compared to the same period. - The expenditures in the first nine months SR571,6 billion, a minor increase of %0.4 compared to the same period. These expenditures represented %64 of the annual total spending. - Social sectors such as education, health, social development and municipal services accounted for 44% of the third quarter budget expenditures, giving priority to whatever is of interest for citizens. - In this period, the deficit amounted to SR121,5 billion, a decrease of %40 compared to the same period. --More 18:28 LOCAL TIME 15:28 GMT www.spa.gov.sa/w541002

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