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Kuwait says government spending must be fixed to control budget growth

INVESTING
July 14, 2024
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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.

INVESTING
January 27, 2025
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Oil falls after Trump reverses Colombia sanctions threat

By Anna Hirtenstein LONDON (Reuters) -Oil prices wavered on Monday after the U.S. and Colombia reached a deal on deportations, reducing immediate concern over oil supply disruptions but keeping traders…

INVESTING
January 27, 2025
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Dollar gains on tariffs fears; euro looks to ECB meeting

Investing.com – The US dollar slipped lower Monday, rebounding after recent losses as attention returned to the potential for trade tariffs from the Trump administration at the start of a…