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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.
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MENAFN3101201700450000ID1095226929
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