5.4 billion dinars, Kuwait’s budget deficit within 10 months

Kuwait's public budget recorded a fiscal deficit of 5.41 billion dinars from April 2020 to January 2021, that is, during the 10 months of the fiscal year 2021/2020. p>

According to the monthly report of the Ministry of Finance, published in Al-Qabas, the deficit increased by 549% compared to the deficit achieved in the corresponding period of the last fiscal year, which amounted to 833.32 million dinars (Before deduction of the Generations Fund share).

The total revenues collected for the period from April 2020 to last January amounted to 7.85 billion dinars, an increase of 4.7% over the estimated budget for the same period of 7.5 billion dinars.

and oil revenues during 10 months of the current fiscal year reached 6.713 billion dinars, an increase from the estimated 19.3%, while actual non-oil revenues recorded 1.14 billion dinars, which formed 60.8% of the estimated budget.

As for expenditures and commitment, it amounted to 13.26 billion dinars, by 10.984 billion dinars for expenditures and 2.316 billion dinars for commitment, so that the total expenditures and actual commitment within 10 months is 61.5% From budget estimator.

The total capital expenditure during the same period was about 697.82 million dinars, or about 30.2% of the budget estimate, which is 2.31 billion dinars.