Kuwait's general budget recorded a fiscal deficit of 5.954 billion dinars during the period from April 2020 to February 2021, representing an increase of 2285.5 percent compared to the deficit achieved in the corresponding period of the last fiscal year, which amounted to 249.583 million dinars (before deducing the share of the Future Generations Fund).
The total capital expenditures amounted to about 779.937 million dinars during the 11 months of the current fiscal year, which is only 33.7 percent of the approved budget of 2.311 billion dinars.
According to the Ministry of Finance report, the total revenues collected for the period from April 2020 to last January were about 8.862 billion dinars, about 18.1 percent higher than the estimated budget for the same period of 7.502 billion.
Oil revenues during the 11 months of the current fiscal year reached 7.649 billion dinars, an increase over the estimated budget for the same period of 5.628 billion by 35.9 percent, while the actual non-oil revenues recorded 1.213 billion dinars, accounting for 64.7 percent of the estimated 1.874 billion in the budget.
Source (Al-Rai Newspaper-Kuwait, Edited)
