‎Saudi Arabia posts SAR 648 bln revenue, SAR 135.4 bln surplus in H1 2022

12

The Kingdom of Saudi Arabia’s flag


Saudi Arabia posted revenue of over SAR 370.4 billion and expenditure of better than SAR 292.5 billion in the second quarter of 2022, with a surplus of nearly SAR 78 billion, the Ministry of Finance announced currently, Aug. 4.

In the first half of of the Twelve months, revenue stood at SAR 648 billion, whereas expenditure reached SAR 512.5 million. The right budget surplus reached SAR 135.5 billion.  

Real Earnings & Expenditure for 2022 (SAR bln)

Duration

Earnings

Expenditure

Surplus/Deficit

Q1

278.0

220.5

+57.5

Q2

370.4

292.5

+77.09

Q3

Q4

2022 (Estimates)

1045

955

+90

Real Earnings in H1 2022:

Real revenue hit SAR 648.3 billion in the first six months of 2022, a upward thrust of 43% Twelve months-on-Twelve months (YoY).

Oil and non-oil revenue stood at SAR 434 billion and SAR 214.3 billion in the identical interval, respectively.

Real Earnings for H1 2022 (SAR bln)

Earnings

H1 2021

H1 2022

Alternate

Oil revenue

248.73

434.06

+75%

Non-oil revenue

204.14

214.26

+5%

Taxes on profits, revenue & capital good points (including company profits tax and tax on foreign companies)

10.40

14.35

+38%

Tax on goods & companies (including trace-added tax and excise tax)

121.66

124.64

+2%

Tax on alternate international & transactions (customs charges)

8.34

10.49

+26%

Diversified taxes (including Zakat)

22.60

23.02

+2%

Diversified revenues

41.14

41.76

+2%

Total

452.87

648.32

+43%

Real Expenditure in H1 2022:

Real expenditure grew by 10% YoY to SAR 512.9 billion in H1 2022.

Real Expenditure H1 2022 (SAR bln)

Expenditure

H1 2021

H1 2022

Alternate

Employee compensation 

245.72

251.09

+2%

Employ of goods & companies

73.14

97.15

+33%

Financing charges

13.19

14.20

+8%

Subsidies

9.65

11.57

+20%

Grants

3.22

1.70

(47 %)

Social advantages

41.77

41.99

+1%

Diversified charges

41.38

44.40

+7%

Non-monetary belongings (CAPEX)

36.84

50.83

+38%

Total

464.92

512.93

+10%

Public Debt:

The Kingdom’s public debt rose to SAR 966.5 billion in H1 2022, from SAR 938 billion in the prior-Twelve months interval.

Public Debt 

Duration

Public Debt

(SAR bln)

2021

938.0 

H1 2022

966.5 

Public Debt unless H1 2022 (SAR bln)

Merchandise

Domestic

Debt

Exterior

Debt

Foundation of interval balance

938.01

558.75

379.26

Issuances or borrowing

83.01

Most important compensation

36.99

17.50

Amortization of govt bonds

End of interval balance

604.76

361.76

966.52

Minute print and Ancient Files of Deliver Funds