Kuwait's budget is projected to show a deficit of 5.6 billion dinars ($18.33 billion) for the 2024-2025 fiscal year, with expenses estimated at 24.5 billion dinars and revenues at 18.9 billion dinars, the Ministry of Finance announced on Sunday.
Kuwait City © Mena Today
Kuwait's budget is projected to show a deficit of 5.6 billion dinars ($18.33 billion) for the 2024-2025 fiscal year, with expenses estimated at 24.5 billion dinars and revenues at 18.9 billion dinars, the Ministry of Finance announced on Sunday.
Government spending must be fixed at 24.5 billion Kuwaiti dinars in the 2027-2028 budget to control budget growth, it added.
The liquidity of the General Reserve Fund, from which the budget deficit is financed, decreased to 2 billion dinars last March from 33.6 billion ten years ago due to increasing withdrawals, the Ministry of Finance said.
Reporting by Ahmed Hagagy
Reporting by Ahmed Hagagy
The United States warned Iran at the United Nations Security Council on Monday of "severe consequences" if it undertakes any further aggressive acts against Israel or U.S. personnel in the Middle East.
Iran executed Iranian-German national Jamshid Sharmahd after he was convicted of carrying out terrorist attacks, Iranian state media said on Monday.
Israeli Prime Minister Benjamin Netanyahu said on Monday he hopes to reach peace deals with more Arab countries once the war against Iranian proxies Hamas and Hezbollah is complete.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.