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Saudi says budget surplus hit $102.9 bn in 2012 - ASHARQ AL-AWSAT English Archive
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RIYADH, (AFP) – Saudi Arabia said on Saturday that its budget surplus hit 386 billion riyals ($102.9 billion) in 2012 as oil-dominated revenues surged, according to state television.

Revenues were expected to reach 1.24 trillion riyals ($330.4 billion) by the end of the year, while expenditure would be 853 billion riyals ($227.5 billion), Al-Ekhbariyah TV reported, citing the finance ministry.

The kingdom had forecast a budget surplus of 12 billion riyals ($3.2 billion) in 2012, with revenues seen at 702 billion riyals ($187.2 billion) and expenditure rising to 690 billion riyals ($184 billion).

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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