Aramco dividend to push govt budget into additional surplus
- Date: 09-Sep-2023
- Source: Eye of Riyadh
- Sector:Oil & Gas
- Country:Saudi Arabia
Aramco dividend to push govt budget into additional surplus
Saudi Arabia's budget estimates have not been revised for 2023, but factoring in Aramco’s PLD the government surplus might reach SAR 56 billion despite the output cut, Al Rajhi Capital stated in a recent report. "For 2023, we believe oil revenues could reach SAR 749 billion compared with earlier estimates of SAR 709 billion, led by Aramco’s recent hike in performance-linked