Kuwait’s budget deficit of $ 2.2 billion in 9 months

Data from Kuwait’s Ministry of Finance showed today, Monday, that the general budget recorded a deficit of 682.4 million dinars (2.26 billion dollars) in the nine months ending in December.

The data published by the ministry on its website web showed that oil revenues amounted to 11.5 billion dinars ($ 38.1 billion) over the same period.

These figures show that the country’s budget has received a significant boost from the high oil prices of recent months.

The budget proposed by the government last January, it foresees revenues of 10.9 billion dinars and expenses of 23.05 billion dinars for the fiscal year that began on April 1, and a deficit of 12.1 billion dinars.

The draft budget was prepared on the basis of an average price of 45 dollars per barrel of oil and a production rate of 2.4 million barrels per day, while the balance between expenses and revenues requires a price of 90 dollars per barrel. .

The price of a barrel of Kuwaiti oil hit $ 86.56 on Friday, according to data from Kuwait Petroleum Corporation.

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