Total expenditure is projected to fall by 0.1%
Kuwait's 2025-26 draft budget sees deficit of around $20.43 billion
The finance ministry says the draft budget for the fiscal year, which starts on April 1, sees oil revenues at 15.3 billion dinars, down 5.7% from 2024-2025, based on an oil price of $68 a barrel.
Monday 03/02/2025
Total expenditure is projected to fall by 0.1%
KUWAIT CITY - Kuwait's draft budget for 2025-2026 forecasts a deficit of about 6.3 billion dinars ($20.43 billion) and total revenues of 18.23 billion dinars, the country's finance ministry said on Sunday.
The draft budget for the fiscal year, which starts on April 1, sees oil revenues at 15.3 billion dinars, down 5.7% from 2024-2025, based on an oil price of $68 a barrel, the ministry added in a statement.
Total expenditure is projected to fall by 0.1% to 24.54 billion dinars compared to last year, the ministry also said.