Tuesday, 26 January , 2021     |     223      |      +      |     

Kuwait draft budget foresees narrower deficit for fiscal 2021/22 -statement

Kuwait draft budget foresees narrower deficit for fiscal 2021/22 -statement : Google
  • Banking

Kuwait’s finance ministry has proposed a draft 23.05 billion dinar ($76.2 billion) budget for the fiscal year starting on April 1, it said in a statement on Monday.


The budget forecasts government revenues of 10.9 billion dinars in fiscal 2021/2022, meaning it expects a fiscal deficit of 12.1 billion dinars – 13.8% narrower than the deficit budgeted for the fiscal year ending on March 31.

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Category: #Banking, #Business, #Government | 2021/01/26 latest update at 4:00 PM
Source : Reuters | Photocredit : Google
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