April 29, 2020 / 12:53 AM / a month ago

Saudi Arabia's Q1 budget deficit at about $9 bln

RIYADH, April 29 (Reuters) - Saudi Arabia’s budget deficit in the first quarter of 2020 stood at 34.107 billion Saudi riyals ($9.07 billion), the finance ministry said on Wednesday.

Total revenues in the first quarter reached 192.072 billion riyals, down 22% from the same period last year, the ministry said in a statement on its website. ($1 = 3.7590 riyals) (Reporting By Marwa Rashad and Ahmed Tolba, Writing By Maha El Dahan; Editing by Himani Sarkar)

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