Saudi Press

Saudi Arabia and the world
Tuesday, Aug 05, 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
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
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
×