2023-05-08 12:31:30
RIYADH: Saudi Arabia’s public budget for this year earned 280.9 billion riyals in the first three months. The budget performance report was released by the finance ministry. Revenue was 280.9 billion and expenditure was 283.9 billion, while the deficit was about 2.9 billion riyals.
In the first quarter, oil revenue was 178.6 billion and non-oil revenue was 102 billion, the ministry stated in the report. Saudi budget figures revealed that non-oil revenues increased by nine percent on an annual basis. The deficit in the first quarter of this year was 2.91 billion riyals compared to a surplus of 57.5 billion riyals in the same period last year. In the first quarter of 2023, capital expenditure increased by 75 percent year-on-year, according to the report.
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A young man died after falling down from a mountain while on an excursion in the UAERas Al Khaimah: A young man died after falling down from the mountains in UAE. The accident happened in the tourist area of Ras Al Khaimah. According to reports, the deceased youth is a UAE national. The body was found during the investigation conducted as per the complaint filed by his relatives.
Relatives reported to the police after the young man who left for an excursion did not return home after the time he was supposed to return. Rasul Khaimah police then formed a special investigation team. The investigation team consisted of officers from the Comprehensive Police Center in Al Rums, Search and Rescue Department and National Ambulance Department. Some of the local residents also participated in the search. After the investigation, the dead body of the youth was recovered from the rugged area. A fall from a height is believed to be the cause of death. The body was later shifted to the hospital. Authorities have started an investigation into the incident.
Last Updated May 8, 2023, 6:01 PM IST
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