$ 3.3 billion monthly deficit in the Kuwaiti budget

Kuwait's actual fiscal deficit is about one billion dinars ($ 3.3 billion) per month.

According to the Kuwaiti newspaper, Al-Anbaa, a government source stated that the liquidity in the General Reserve Fund is about to run out within the next two months.

He said that the current oil prices, which revolve around $ 40 a barrel, put the budget in a monthly dilemma in how to cover this huge deficit in light of the stability of the expenditure item at 20 billion dinars in return for revenues Not to exceed 7 billion dinars.

He added that the conditions are not good and that difficult and urgent economic decisions should be implemented by increasing non-oil revenues and reducing the size of the budget by at least 5-6 billion dinars.

He said that Kuwait has an opportunity to get out of the current economic problem due to the low population and thanks to the building of huge financial reserves in the Future Generations Reserve Fund over 50 years.

(Amazon fun knowledge)