Riyadh – Mubasher: Saudi Arabian budget results in the third quarter of 2017 revealed a continuous improvement in the Kingdom’s financial position, compared to the year-ago period, alongwith the need to increase oil revenues of the the Arab world's largest economy, said Jadwa Investment, citing that Saudi government expenses will grow in Q4-17.

Jadwa Investment modified its estimates for the Kingdom’s 2017 expenses, reducing it to SAR 195 billion from SAR 260 billion. The private investment bank said that the kingdom's expenses will rise 6% in 2017 compared to the previous year.

The government's efforts to boost non-oil revenues through restructuring economy began to pay off, as non-oil revenues surged 80% on annual basis.

Jadwa Investment expected Saudi oil exports to continue growth in Q4-17.