Riyadh, Aug. 6 -- The Kingdom of Saudi Arabia (KSA) recorded a budget surplus during the second quarter of 2022, amounting to 77.909 billion riyals ($20,734 billion) due to the rise in crude oil prices.

The surplus in the second quarter is 35 percent higher than the first three months of the year, reaching 135 billion riyals in the first half of the year.

On Thursday, August 4, the Saudi Ministry of Finance data showed that revenues amounted to more than 370 billion riyals (98.472 billion dollars), and expenditures for the second quarter of the budget amounted to more than 292 billion dollars (77.708 billion dollars).

According to the data, oil revenues during the second quarter exceeded 250 billion riyals (66.531 billion dollars), whi...