Saudi Budget Sees First Quarterly Surplus Since 2019 on High Oil
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Saudi Arabia recorded its first quarterly budget surplus in more than two years as higher crude prices boosted the kingdom’s finances.
The Gulf nation’s surplus during the third quarter was about 6.7 billion riyals ($1.8 billion), trimming the year-to-date deficit to 5.4 billion riyals, according to a report published by the Ministry of Finance on Sunday.