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2026-07-30T14:44:24.000Z

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Q2 Budget Shows Revenue Rise and Expense Drop

Q2 Budget Shows Revenue Rise and Expense Drop

The Ministry of Finance reported that the total actual revenues for the second quarter of 2026 reached 338.784 billion riyals, an increase of 77.812 billion riyals compared to the first quarter. Oil revenues amounted to 185.127 billion riyals, while non-oil revenues totaled 153.657 billion riyals. Additionally, income tax and corporate Zakat rose by 9% to 14.990 billion riyals, and customs revenues increased by 49% to 34.420 billion riyals. On the other hand, expenditures in the second quarter declined to 373.073 billion riyals, down from 386.685 billion riyals in the first quarter, despite higher spending on goods and services and social transfers.

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