Finance Min. Reveals State Budget For (2025-2026) Fiscal Year
(MENAFN- Kuwait News Agency (KUNA))
KUWAIT, Feb 2 (KUNA) -- Minister of Finance and Minister of State for Economic and investment Affairs, Noura Al-Fassam, revealed on Sunday the state budget draft for the fiscal year (2025-2026).
The estimated revenues are about KD 18,23 billion (about USD 58,95 billion), while expenses are around KD 24,5 billion (about USD 79,23 billion), a deficit of KD 6,30 billion (about USD 20,37 billion), including capital expenditure of KD 2,24 billion (about USD 7,24 billion).
The cabinet approved the draft in preparation for submitting it to His Highness the Amir sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, said Al-Fassam in a press statement.
The total estimated revenues decreased by 3.6 percent, as well as oil revenues, estimating at KD 15,30 billion (about USD 49,48 billion), went down by 5.7 percent for the current budget ending on March 31, 2025.
Moreover, non-oil revenues estimated at KD 2,92 billion (about USD 9,44 billion), went up nine percent from the current budget, she added.
Oil barrels in the fiscal year (2025-2026) will be USD 68 per barrel, and the breakeven price to bridge the fiscal deficit is estimated to be USD 90.5 per barrel. (Pickup previous)
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