Tax & Spend
Kuwait Sees Deficit Widening 12% to $20.5 Billion Next Year
Kuwait’s revenues are projected at 18.231 billion dinars.
Photographer: Bassam Zidan Ahlawy/BloombergThis article is for subscribers only.
Kuwait unveiled budget proposals that forecast an 11.9% rise in the deficit to 6.31 billion dinars ($20.5 billion) for the fiscal year starting April 1.
That’s the equivalent of roughly 13% of gross domestic product.