\n
\nCAIRO:\u00a0The total value of US Treasuries held by Saudi residents in June increased to $119.2 billion from $114.7 billion in May, according to data from the US Department of the Treasury.<\/p>\n
\nThe data showed that the month-on-month rise in US Treasuries had been the highest since August 2020, contrary to the trend seen in the year\u2019s first half.<\/p>\n
\nIn January, the US Treasuries holdings totaled $119.4 billion and have seen a general downward trend in the months leading up to June.<\/p>\n
\nIt fell to $116.7 billion in February and $115.5 billion in March. It slightly rose to $115.7 billion in April yet dipped to $114.7 billion in May.<\/p>\n
\nSaudi-held long-term Treasuries that have maturities of more than one year rose from $99.3 billion in May to $102 billion in June.<\/p>\n
\nShort-term Treasuries with maturities less than one year, also known as US Treasury bills, grew from $15.3 billion in May to $17.1 billion in June.\u00a0<\/p>\n
\n<\/p>\n
\nWhile the rate of the Kingdom\u2019s public debt has slowed, the government still spends around $2 billion a quarter to service them, around a third of which is external debt.<\/p>\n
\nThe level of debt financing expenses that the Kingdom should pay to service its public debt totaled $2 billion between April and June, up from $1.8 trillion between January and March, reported the Ministry of Finance.<\/p>\n
\nIn 2021, these expenses amounted to $1.5 billion in the first quarter, increased to $2 billion in the second, went down to $1.7 billion in the third and concluded the year with $2 billion.<\/p>\n
\nOn the other hand, the country\u2019s quickly rising revenue over the past two quarters aided the government in boosting reserves. As a result, it could more than cover the additional government spending in the second quarter of 2022.<\/p>\n
\nAccording to the Ministry of Finance, the Kingdom\u2019s total revenue amounted to over $98.7 billion in the second quarter of 2022, while total expenditures totaled $78 billion.<\/p>\n
\nThe Saudi Central Bank\u2019s recent data pointed out that deposits of government and government-supported institutions rose by $9.8 billion in June to $181.9 billion.<\/p>\n
\nThe figure rose further in July to over $186 billion.<\/p>\n
\nThese deposits were the highest amount recorded since September 2019.<\/p>\n
\n\u201cThe key indicator is the trajectory for more US interest rate rises, especially in the medium-term,\u201d London-based consultant and former professor Mohamed Ramady told Arab News while explaining the outlook for Saudi holding of US Treasuries.<\/p>\n
\nHe added: \u201cThe US government could try and borrow more in the short- and medium-term at albeit higher interest rates, rather than assume higher priced long-term debt.\u201d<\/p>\n
\nThe largest foreign owner of US debt is China, even though its US Treasuries holdings fell for the seventh month in a row in June.<\/p>\n
\nChina\u2019s US government debt fell to $967.8 billion in June while remaining on top of the list of US debt owners.<\/p>\n
\n\u201cThe role of Saudi Arabia in the US Treasuries market appears to be one of counterbalance and stability,\u201d according to a release by the Euro-Gulf Information Center.<\/p>\n
\n\u201cBuying chunks of US debt means reducing the power of China and possibly the influence of other hostile actors,\u201d continued the release.<\/p>\n<\/div>\n
\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"CAIRO:\u00a0The total value of US Treasuries held by Saudi residents in June increased to $119.2 billion…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-3325","post","type-post","status-publish","format-standard","hentry","category-business"],"yoast_head":"\n
Over 300,000 investors exit Saudi Arabia\u2019s stock market in Q2 - Gulf Times | News by the minute<\/title>\n<meta name=\"description\" content=\"Gulf Times: Latest news across the GCC from UAE, Bahrain, Qatar, Oman, Yemen, Saudi Arabia\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arabnews.com\/node\/2160871\/business-economy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Over 300,000 investors exit Saudi Arabia\u2019s stock market in Q2\" \/>\n<meta property=\"og:description\" content=\"Gulf News| UAE's Largest News aggregator site\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.arabnews.com\/node\/2160871\/business-economy\" \/>\n<meta property=\"og:site_name\" content=\"Gulf Times | News by the minute\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/100084981843786\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-12T09:27:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.arabnews.com\/sites\/default\/files\/userimages\/444656\/1662911380202541500.jpg\" \/>\n<meta name=\"author\" content=\"gulftimes\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Gulftimesuae\" \/>\n<meta name=\"twitter:site\" content=\"@Gulftimesuae\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gulftimes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Over 300,000 investors exit Saudi Arabia\u2019s stock market in Q2 - Gulf Times | News by the minute","description":"Gulf Times: Latest news across the GCC from UAE, Bahrain, Qatar, Oman, Yemen, Saudi Arabia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.arabnews.com\/node\/2160871\/business-economy","og_locale":"en_US","og_type":"article","og_title":"Over 300,000 investors exit Saudi Arabia\u2019s stock market in Q2","og_description":"Gulf News| UAE's Largest News aggregator site","og_url":"https:\/\/www.arabnews.com\/node\/2160871\/business-economy","og_site_name":"Gulf Times | News by the minute","article_publisher":"https:\/\/www.facebook.com\/100084981843786","article_published_time":"2022-09-12T09:27:00+00:00","og_image":[{"url":"https:\/\/www.arabnews.com\/sites\/default\/files\/userimages\/444656\/1662911380202541500.jpg","type":"","width":"","height":""}],"author":"gulftimes","twitter_card":"summary_large_image","twitter_creator":"@Gulftimesuae","twitter_site":"@Gulftimesuae","twitter_misc":{"Written by":"gulftimes","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.arabnews.com\/node\/2160871\/business-economy#article","isPartOf":{"@id":"https:\/\/gulftimes.ae\/?p=3325"},"author":{"name":"gulftimes","@id":"https:\/\/gulftimes.ae\/#\/schema\/person\/4c5b0f90aae48bb43165ee6e39ddc977"},"headline":"Over 300,000 investors exit Saudi Arabia\u2019s stock market in Q2","datePublished":"2022-09-12T09:27:00+00:00","mainEntityOfPage":{"@id":"https:\/\/gulftimes.ae\/?p=3325"},"wordCount":514,"commentCount":0,"publisher":{"@id":"https:\/\/gulftimes.ae\/#organization"},"image":{"@id":"https:\/\/www.arabnews.com\/node\/2160871\/business-economy#primaryimage"},"thumbnailUrl":"https:\/\/www.arabnews.com\/sites\/default\/files\/userimages\/444656\/1662911380202541500.jpg","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.arabnews.com\/node\/2160871\/business-economy#respond"]}]},{"@type":"WebPage","@id":"https:\/\/gulftimes.ae\/?p=3325","url":"https:\/\/www.arabnews.com\/node\/2160871\/business-economy","name":"Over 300,000 investors exit Saudi Arabia\u2019s stock market in Q2 - Gulf Times | News by the minute","isPartOf":{"@id":"https:\/\/gulftimes.ae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.arabnews.com\/node\/2160871\/business-economy#primaryimage"},"image":{"@id":"https:\/\/www.arabnews.com\/node\/2160871\/business-economy#primaryimage"},"thumbnailUrl":"https:\/\/www.arabnews.com\/sites\/default\/files\/userimages\/444656\/1662911380202541500.jpg","datePublished":"2022-09-12T09:27:00+00:00","description":"Gulf Times: Latest news across the GCC from UAE, Bahrain, Qatar, Oman, Yemen, Saudi Arabia","breadcrumb":{"@id":"https:\/\/www.arabnews.com\/node\/2160871\/business-economy#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.arabnews.com\/node\/2160871\/business-economy"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.arabnews.com\/node\/2160871\/business-economy#primaryimage","url":"https:\/\/www.arabnews.com\/sites\/default\/files\/userimages\/444656\/1662911380202541500.jpg","contentUrl":"https:\/\/www.arabnews.com\/sites\/default\/files\/userimages\/444656\/1662911380202541500.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.arabnews.com\/node\/2160871\/business-economy#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gulftimes.ae\/"},{"@type":"ListItem","position":2,"name":"Over 300,000 investors exit Saudi Arabia\u2019s stock market in Q2"}]},{"@type":"WebSite","@id":"https:\/\/gulftimes.ae\/#website","url":"https:\/\/gulftimes.ae\/","name":"Gulf Times | News by the minute","description":"Largest News Aggregator in the Gulf","publisher":{"@id":"https:\/\/gulftimes.ae\/#organization"},"alternateName":"Gulf News Aggregator","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gulftimes.ae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/gulftimes.ae\/#organization","name":"Gulf Times","url":"https:\/\/gulftimes.ae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/gulftimes.ae\/#\/schema\/logo\/image\/","url":"","contentUrl":"","caption":"Gulf Times"},"image":{"@id":"https:\/\/gulftimes.ae\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/100084981843786","https:\/\/x.com\/Gulftimesuae"]},{"@type":"Person","@id":"https:\/\/gulftimes.ae\/#\/schema\/person\/4c5b0f90aae48bb43165ee6e39ddc977","name":"gulftimes","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a8f9c2e07a9cd7e7e7c302c8c7ce8d5e0865a0bbcc732793d6e761588fd10b03?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a8f9c2e07a9cd7e7e7c302c8c7ce8d5e0865a0bbcc732793d6e761588fd10b03?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a8f9c2e07a9cd7e7e7c302c8c7ce8d5e0865a0bbcc732793d6e761588fd10b03?s=96&d=mm&r=g","caption":"gulftimes"},"sameAs":["https:\/\/gulftimes.ae"],"url":"https:\/\/gulftimes.ae\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/gulftimes.ae\/index.php?rest_route=\/wp\/v2\/posts\/3325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gulftimes.ae\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gulftimes.ae\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gulftimes.ae\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gulftimes.ae\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3325"}],"version-history":[{"count":0,"href":"https:\/\/gulftimes.ae\/index.php?rest_route=\/wp\/v2\/posts\/3325\/revisions"}],"wp:attachment":[{"href":"https:\/\/gulftimes.ae\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gulftimes.ae\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gulftimes.ae\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}