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According to foreign media reports, the world's largest Islamic bank and the main investor in Saudi Arabia's business world, Saudi Arabia's Rajhi Capital Bank (Al-Rajhi Capital Bank) said in a research report a few days ago that as the Kingdom of Saudi Arabia has witnessed the continuous improvement of its economy, Saudi Arabia's oil revenue this year is expected to reach 605 billion riyals ($161.
36 billion), far exceeding its budget of 492 billion riyals
.
With Saudi Arabia's non-oil revenue budget of 291 billion riyals this year, Saudi Arabia's fiscal deficit this year is expected to be at 82 billion riyals, 58 percent
lower than the estimated government budget deficit of 194.
7 billion rials, the study said.
"We continue to believe that stable oil prices and higher oil production and better non-oil revenue growth will contribute to the Kingdom's economic recovery
this year," the study said.
”
According to foreign media reports, the world's largest Islamic bank and the main investor in Saudi Arabia's business world, Saudi Arabia's Rajhi Capital Bank (Al-Rajhi Capital Bank) said in a research report a few days ago that as the Kingdom of Saudi Arabia has witnessed the continuous improvement of its economy, Saudi Arabia's oil revenue this year is expected to reach 605 billion riyals ($161.
36 billion), far exceeding its budget of 492 billion riyals
.
With Saudi Arabia's non-oil revenue budget of 291 billion riyals this year, Saudi Arabia's fiscal deficit this year is expected to be at 82 billion riyals, 58 percent
lower than the estimated government budget deficit of 194.
7 billion rials, the study said.
"We continue to believe that stable oil prices and higher oil production and better non-oil revenue growth will contribute to the Kingdom's economic recovery
this year," the study said.
”
