Kuwait Finance Minister: State Budget Deficit Of KD6.5bn For 2018-2019Source: www.export-egypt.com 1/29/2018, Location: Middle East |
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Kuwait has announced a 2018-2019 state budget with a deficit of KD6.5 billion - US$21.6 billion.
The Kuwaiti Minister of Finance, Nayef Al-Hajraf said that the deficit is estimated following the deduction of allocations for 'Future Generations Fund', the Kuwait News Agency, KUNA, has reported. Speaking at a news conference held to announce the state budget, the Kuwaiti minister said estimated total revenues amounted to KD15 billion, or $49.9 billion, and expenditures hit KD20 billion, around $66.6 billion, on the basis that a Kuwaiti oil barrel is worth US$50. |
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