The Saudi budget recorded a deficit of 109.2 billion riyals ($ 29.12 billion) in the second quarter of this year, with the public treasury affected by the drop in oil prices.
According to Reuters, a report from the Ministry of Finance on the quarterly performance of the budget showed oil revenues for the largest oil exporter in the world decreased by 45 percent year on year in the second quarter to 25.5 Billion dollars, while total revenue fell 49 percent to about 36 billion dollars.
The report showed that total expenditures in the second quarter decreased 17 percent year on year to about $ 65 billion.
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