Saudi Arabia’s budget deficit declines by 84% in second quarter:
The Saudi finance ministry said the country’s budget deficit in the second quarter fell by 84 percent to 7.4 billion riyals.
Saudi Arabia also said revenues surged by more than two thirds in the second quarter of the year to reach SR273.588 billion ($72.95 billion), supported by a stronger oil price.
It means the overall deficit fell to SR7.361 billion, the Ministry of Finance said in a statement.
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