Kuwait to boost spending as budget deficit hits KD 7.7bn

Hajraf vows fiscal reforms – Oil seen at $55 per barrel – Non-oil revenues to increase KUWAIT: Kuwait’s estimated budget deficit for the 2019/2020 fiscal year could soar to KD 7.7 billion ($25.3 billion), Finance Minister Nayef Al-Hajraf said yesterday. Kuwait plans to spend KD 22.5 billion ($74 billion) in total expenditure for the fiscal […]

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