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Saudi Arabia: the deficit in the third quarter reaches 84 billion riyals, an increase of about 145% compared to the previous quarter.

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Middle East Observer · · Source

🇸🇦 Saudi Arabia · Map

Saudi Arabia: the deficit in the third quarter reaches 84 billion riyals, an increase of about 145% compared to the previous quarter.

The main drivers are a drop in oil revenues caused by trade and shipping disruptions from the war, and lower commissions and payments from the Saudi oil giant Aramco to the government. The deficit is equivalent to about 22.4 billion dollars.

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