Saudi Arabia posts $22.38bn budget deficit in Q3

RIYADH: Saudi Arabia recorded a budget deficit of SR84.3 billion ($22.38 billion) in the third quarter of 2026, as government expenditure exceeded revenue, according to the Ministry of Finance’s quarterly budget performance report released on Tuesday. Government revenue reached SR259.1 billion during the three-month period, while expenditure stood at SR343.4 billion, resulting in a deficit of SR84.3 billion. Oil revenue declined 23 percent year on year to SR116.5 billion in the third quarter, co

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