Figures revealed The Saudi budget in the first quarter of 2022Realizing a surplus of 57.5 billion riyals, one billion riyals.
The surplus achieved in the first quarter of 2022 is 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.
It is noteworthy that the general estimated budget for the fiscal year 1443 / 1444 AH (2022 AD), 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.
The Saudi oil giant, “Aramco”, announced its results today, Sunday, as it achieved a growth in its quarterly profits by 81.7% in the first quarter of 2022 to 148 billion riyals, compared to 81.4 billion riyals in the corresponding period of 2021. While the company’s profits grew on a quarterly basis by 21.9% In the previous quarter, it was 121.4 billion riyals.