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FinancialNews
31-07-19
Deficit reduction, non-oil revenues hike targeted in KSA
(MENAFN) Reports revealed that Saudi Arabia has set a target to achieve a reduction in its state budget deficit along with witnessing hikes in non-oil revenues in six months.
Second quarter results for Saudi Arabia indicated a boost in financial performance for the first half of 2019 on annual basis.
During the first half, the budget deficit registered a decline to stand at USD1.5 billion from figures seen during the same period in 2018.
Total revenues in Saudi Arabia recorded a 15 percent jump, with a 6 percent surge in total expenses during the period.
MENAFN3107201900450000ID1098826308
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