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

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