Middle East

Kuwait Streamlines Spending Despite Budget Surplus

Recent statistics show that this fiscal year’s general budget has achieved a profit of about $35 per barrel of oil since the start of the fiscal year, and the 2022/2023 budget will reach a surplus in eight years. I’m doing it. Consecutive budget deficits starting from fiscal year 2014/2015.

The figures showed that the average price of a barrel of Kuwaiti oil for the period from April to now September reached $110. means a surplus of billions awaits by the end of the 2022/2023 fiscal year, reports a local Arabic-language daily.

Despite budget surpluses achieved as a result of rising oil prices in recent months, the government has tended to cut and streamline spending, sources said. as he sees fit in issuing instructions to regulate the

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https://timeskuwait.com/news/despite-surpluses-in-budget-kuwait-to-rationalize-spending/ Kuwait Streamlines Spending Despite Budget Surplus

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