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00:00The Saudi Kingdom's budget records a deficit since the first quarter of 2024.
00:09What is most notable is the details of these figures.
00:13Starting with the deficit, which is more than 12 billion riyals.
00:20The expenses amounted to 306 billion riyals, while the revenues amounted to 293 billion riyals.
00:30The current expenses in the Saudi Arabian Kingdom continue to be behind the continuity of spending on capital projects.
00:39Looking at the details of the data, the revenues increased by 4%.
00:46The target was 100 billion riyals in 2024.
00:50The total revenues increased by 25%.
00:53The other expenses increased by 8%.
00:57The target was 24 billion riyals in 2024.
01:04Looking at the difference between oil revenues and non-oil revenues,
01:09the oil revenues increased by 2%.
01:13This was justified by the Saudi Arabian Kingdom's commitment to a voluntary reduction in production
01:20to ensure the current and general stability of oil prices.
01:25The oil revenues amounted to 182 billion riyals.
01:29The target was 62% in 2024.
01:35The non-oil revenues amounted to 9%.
01:39This was noticable in the first quarter.
01:43Looking at the details of the data, the compensation of workers was the first factor.
01:51The compensation amounted to 138 billion riyals, which is 45% of the total expenses.
02:01The most expensive expenses amounted to 8 billion riyals, which is 37% of the total expenses.
02:13The Saudi Arabian Kingdom's budget for the first quarter of 2024
02:20recorded a deficit of 12 billion riyals.