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Saudi Arabia: 6.93 billion dollars, the budget deficit of the first quarter
23/04/2017
Saudi Finance Minister Mohammad Jadaan, said the first quarter of 2017 the results of the performance of the general state budget, shows that the deficit reached 26 billion riyals, "6.93 billion dollars."
He added Jadaan in a press statement on Sunday that a projected deficit of 50 billion riyals, "13.33 billion dollars," but the decline came with the support of revenue growth, and the decline in expenses.
Saudi Arabia announced in December / December 2017 last year 's budget, with a total expenditure of 890 billion riyals , "$ 237.3 billion", compared with revenues of 692 billion riyals , "184.5 billion dollars," worth an estimated deficit of 198 billion riyals , "52.8 billion dollars."
Suffer Saudi Arabia, the largest oil exporter in the world, from a sharp decline in fiscal revenues, resulting from the decline in crude oil prices than it was in 2014.
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