Saudi Press

Saudi Arabia and the world
Tuesday, Aug 26, 2025

Saudi Arabia posts SR77.9 billion budget surplus in 2Q of 2022

Saudi Arabia posts SR77.9 billion budget surplus in 2Q of 2022

Saudi Arabia’s general budget posted SR77.9 billion surplus during the second quarter of the current year 2022, according to the Ministry of Finance.
The ministry announced on Thursday the second quarter report regarding the actual performance of the state’s general budget for the year 2022. According to the report, the budgetary revenues exceeded SR370.3 billion while expenditures crossed SR292.4 billion.

It recorded a surplus of SR77.907 billion, registering SR370.365 billion in revenues while expenditures amounting to SR292.458 billion.

The ministry revealed that oil revenues make up 89 percent of the revenues in the second quarter of the year. The oil revenues crossed SR250.36 billion, an increase of 89 percent while compared to the second quarter of the previous year 2021 when it amounted to SR132.15 billion.

Meanwhile, the non-oil revenues amounted to SR120 billion in the second quarter of 2022. There has been an increase of three percent in the non-oil revenues while compared to the second quarter of 2021 when the non-oil revenues amounted to SR115.95 billion.

The non-oil revenues included SR10.2 billion in terms of income taxes, profits, and capital gains; SR64 billion in tax revenues on goods and services; and SR19 billion for other taxes. In the second quarter of 2022, the Saudi budget also achieved other revenues, amounting to SR20.2 billion.

The value of the Saudi budget surplus exceeded SR135 billion during the first half of 2022, including SR57.5 billion in the first quarter, and SR77.9 billion in the second quarter.

Total budgetary revenues during the first half of 2022 witnessed an increase of 43 percent, reaching SR648.3 billion while compared to SR452.8 billion during the first half of 2021.

The actual Saudi budget figures revealed the volume of expenditures in the first half of 2022, amounting to SR512.9 billion while compared to SR464.9 billion during the same period of 2021, recording an increase of 10 percent, the ministry statement pointed out.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
×