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Saudi Arabia posts $20.8bn budget surplus in Q2, the highest at least since 2019

Saudi Arabia has posted a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022, the Ministry of Finance reported.  During that period, the state’s total revenues amounted to over SR370.4 billion, up 49 percent year-on-year, while expenditures reached SR292.5 billion. This represents a 16 percent increase over…

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