FINANCIAL NEWS

Kuwait predicts USD25.9bn budget deficit by next year

31 Jan 2017

(MENAFN) Kuwait predicts a budget deficit of USD25.9bn in the coming financial year starting on April 1.

On the other hand, the forecast is after a contribution of 10 percent of revenues to the global wealth fund.

In addition, the contribution is also to conservatively assume an average oil price amid the year of USD45 a barrel.

Moreover, spending is predicted at 19.9bn dinars in the coming year and revenues at 13.3bn dinars.

MENAFN3101201700450000ID1095226929

MENAFN3101201700450000ID1095226929

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