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Saudi Q4 budget to include PIF revenues - MoF

Saudi Q4 budget to include PIF revenues - MoF
Saudi Deputy Minister of Finance for Revenues Tariq Alshuhayeb

Riyadh - Mubasher: The Saudi Ministry of Finance (MoF) said that data of the third quarter of the year did not include the revenues achieved by the Public Investment Fund (PIF), which will be revealed in Q4, according to the deputy minister for revenues.

Tariq Alshuhayeb added in an interview with Al Arabiya on Monday that non-oil revenues rose by 80% to SAR 47.8 billion, compared to the corresponding quarter of last year.

Quarterly revenues grew by 11% year-on-year in Q3-17, while total revenues for the first nine months of 2017 increased by 23% to SAR 450 billion, Alshuhayeb noted.