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Mon. May 12th, 2025 9:59:25 AM

Kuwait says government spending must be fixed to control budget growth

CAIRO (Reuters) – Kuwait’s finance ministry said on Sunday government spending must be fixed at 24.5 billion Kuwaiti dinars ($80.19 billion) in the 2027-2028 budget to control budget growth.

Non-oil revenues must be doubled to reach 4 billion Kuwaiti dinars in the 2027-2028 budget to cut dependence on oil revenues, its statement added.

($1 = 0.3055 Kuwaiti dinars)

This post is originally published on INVESTING.

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