Kuwait's public budget recorded a fiscal deficit of about 5.41 billion dinars in the period from April 2020 to January 2021, that is, during the 10 months of the fiscal year 2020/2021, according to the monthly report of the Ministry of Finance, with an increase of 549 percent compared to the deficit achieved in the corresponding period of the last fiscal year, which amounted to 833.32 million dinars (before deducting the Generations’ Fund share).
The total revenue collected for the period from April 2020 to last January was about 7.85 billion dinars, an increase of 4.7 percent over the estimated budget for the same period of 7.5 billion. During 10 months of the current fiscal year, oil revenues reached 6.713 billion dinars, an increase from the estimated 19.3 percent, while actual non-oil revenues recorded 1.14 billion dinars, accounting for 60.8 percent of the estimated budget.
As for the expenditures and commitment, it amounted to 13.26 billion dinars, by 10.984 billion for expenses and 2,316 billion for commitment, so that the total expenses and actual commitment during 10 months constitute only 61.5 percent of the estimated budget.
The total capital expenditures during the same period amounted to 697.82 million dinars, or about 30.2 percent of the budget estimate, which is 2.31 billion dinars.
Source (Al-Rai Newspaper-Kuwait, Edited)
