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Kuwaiti Finance Minister estimates '18-'19 budget deficit at KD 6.5 bln
January 29, 2018, 5:41 pm

 Kuwaiti Minister of Finance Nayef Al-Hajraf on Monday estimated a 2018-2019 state budget deficit at KD 6.5 billion (around 21.6 billion) following the deduction of allocations for 'Future Generations Fund'.

Speaking at a news conference held to announce the state budget, the Kuwaiti minister said total revenues amount to KD 15 billion (about USD 49.9 billion), and expenditures hit KD 20 billion (around 66.6 billion) on the basis that a Kuwaiti oil barrel is worth USD 50. 

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