Saudi Arabia posts 3.3-bln-USD deficit in Q1

RIYADH, May 5 (Xinhua) -- Saudi Arabia announced Sunday a budget deficit of 12.39 billion Saudi Riyals (3.30 billion U.S. dollars) in the first quarter of 2024.

The quarterly budget performance report, released by the Saudi Ministry of Finance, revealed that revenues reached 293.43 billion Saudi Riyals and expenditures amounted to 305.82 billion Saudi Riyals.