Saudi Arabia’s budget deficit narrows as oil revenue rises

*Second-quarter budget gap reported at 46.5 billion riyals *Non-oil revenues fell 17 percent compared to last year 13 August 2017, Riyadh — Saudi Arabia’s second-quarter budget gap narrowed to 46.5 billion riyals ($12.4 billion) from the same period last year after income from oil advanced, while non-oil revenue fell. Total revenue climbed 6 percent in […] More »