Sunday , February 24 2019

Oil price jump sends Saudi quarterly revenue up 67%

Bloomberg

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

4th day blackouts stalk South Africa

Bloomberg Eskom Holdings SOC Ltd. said will cut 3,000 megawatts of power from the South ...

Leave a Reply

Your email address will not be published.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