Economy

Kuwait reports deficit of $23.09bln in FY 2025-2026, finance ministry says

The ⁠GCC country reported total revenues of 16.457 billion dinars, down ​9.7% ‌from the ⁠preliminary ⁠forecasts at 18.231 billion dinars.

Kuwait’s deficit widened ​13.2% ⁠to 7.1 billion Kuwaiti ‌dinars ($23.09 billion) in the ​2025-2026 fiscal year, the country’s ​finance ministry said ​in a statement on Tuesday.

* The ⁠GCC country reported total revenues of 16.457 billion dinars, down ​9.7% ‌from the ⁠preliminary ⁠forecasts at 18.231 billion dinars.

* The ​oil ‌revenues recorded ⁠13.584 billion dinars, less than expected at 15.3 billion dinars by 11.2%.

* The total expenditure fell 3.8% to 23.598 ‌billion dinars, compared to the earlier ⁠projected 24.538 ​billion dinars. 

© ZAWYA 

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

Letting AI agents write econometric code

Large language models increasingly write the code behind empirical research. This column reports a benchmark…

3 days ago

Never let a good crisis go to waste: Term limits and banking reforms

Financial crises routinely trigger sweeping overhauls of financial regulation, but whose interests do these reforms…

3 days ago

Is there a ‘China problem’ and how can the World Trade Organization address it?

Bilateral pushback against China is failing, making joint WTO and IMF action key to tackling…

3 days ago

Fiscal consolidation: Temporary costs versus lasting scars

Public debt is at or near record highs across the OECD, increasing the pressure on…

3 days ago

The mortality costs of climate change

Mortality is one of the most salient consequences of climate change. Existing estimates have largely…

3 days ago

The cost of job loss in carbon-intensive sectors: Evidence from Germany

In a green transition, workers will have to move from polluting, carbon-intensive sectors to other…

3 days ago