Thursday , December 13 2018

Oil price jump sends Saudi quarterly revenue up 67%


Saudi Arabia’s second-quarter budget revenue increased 67 percent from the year-earlier period as higher oil prices helped boost income, the country’s Finance Ministry said in a statement.
Revenue climbed to 273.6 billion riyals ($73 billion), boosted by an 82 percent increase in oil revenue, the ministry said on Wednesday. Non-oil revenue rose 42 percent to 89.4 billion riyals, while the budget deficit fell to 7.4 billion riyals, the ministry said.

About Admin

Check Also

Companies call on consumers to pay for carbon capture tech

Bloomberg Some of the world’s biggest fossil-fuel producers are calling on taxpayers to help them ...

Leave a Reply

Your email address will not be published. Required fields are marked *