The Kingdom of Saudi Arabia's budget achieved a surplus of 57.5 billion riyals during the first quarter of this year, according to data issued by the Saudi Ministry of Finance.
The surplus achieved in the first quarter of 2022 is considered the highest quarterly surplus since the ministry began announcing the budget on a quarterly basis since the beginning of 2016, that is, about 6 years ago.< /p>
It is reported that the estimated general budget for the current fiscal year includes a surplus of about 90 billion riyals.
The rise in oil prices supported the achievement of a large surplus in the first quarter of this year.
