A report issued by the Kuwaiti Ministry of Finance showed that the budget deficit amounted to 401.505 million dinars during the 11 months of the current fiscal year 2021/2022, down by 5.55 billion, or 93.26 percent, from its level in the corresponding period of the last fiscal year, when it amounted to 5.954 billion dinars. While the deficit achieved during the 11 months is about 11.7 billion, or 96.7 percent, less than the estimated deficit for the whole fiscal year, which is 12.119 billion dinars.
Total revenues during the period from April 2021 to February 2022 amounted to about 15.979 billion dinars, an increase of 5.049 billion or 46.2 percent compared to the estimated revenues for the entire current fiscal year, amounting to 10.929 billion, and a growth of 7.117 billion, or about 80.3 percent, over the level of revenues achieved during the corresponding period of the last fiscal year, which amounted to 8.862 billion dinars.
Oil revenues increased, amounting to about 14.267 billion dinars during the period from April 2021 to February 2022, which is more than the budget estimate for the entire fiscal year, amounting to 9.127 billion dinars, by about 5.139 billion, or 56.3%. As for the non-oil revenues collected, they amounted to 1.711 billion dinars during the first 11 months of the current fiscal year, which constituted about 95 percent of the total non-oil revenues estimated for the entire fiscal year, which amounted to 1.802 billion.
Source (Al-Rai Kuwaiti Newspaper, Edited)
