News On Deficit
Kuwait To Register Highest Deficit To GDP Ratio In Gulf Standard & Poor’s (S&P) credit rating agency is expecting Kuwait to record the highest deficit to GDP ratio among Gulf countries in the current year by 20 percent, followed by Bahrain an... May 27, 2021 293 Category: Economics
Standard & Poor’s Expects A Decline In Gulf Budget Deficits, Starting From 2021 The credit rating agency Standard & Poor’s confirmed that the Gulf countries will not have to borrow as much as they borrowed last year through 2021 thanks to the recovery in oil prices, and... March 01, 2021 313 Category: Information
Further Deficit In Kuwait’s Budget For Next Fiscal Year WITH an oil price level of $90 per barrel being the new equilibrium number, expenditures and deficits in Kuwait’s budget are increasing further, leading to a higher deficit of KD 12 billion ($36... January 30, 2021 602 Category: Kuwait
Kuwait Ups Spend; Deficit At KD 12.1bn The Kuwait Ministry of Finance today announced the draft government budget for the State of Kuwait for the coming fiscal year, which starts April 1, 2021 and ends on March 31, 2022. The budget forecas... January 26, 2021 264 Category: Kuwait
Budget Deficit Rises To KD4.778 Billion In Eight Months The Kuwait’s monthly follow-up report revealed that the public budget deficit during the first eight months of the current fiscal year 2020/2021 amounted to about KD4.778 billion by the end of l... December 23, 2020 278 Category: Economics
Assembly Approves ’20-’21 Budget – Reserve Covers Deficit The presentation of Finance Minister Barrak Al-Sheetan about the financial status of the country was the first item in the agenda of the National Assembly session on Tuesday. However, State Minister o... September 09, 2020 467 Category: Kuwait
The Deficit Of The Government Administration Is Behind The Budget Deficit MP Saleh Ashour said that the deficit of the government administration is behind the state budget deficit. Ashour added that the budget deficit is the largest in seven years and reaches a value of ... September 09, 2020 302 Category: Kuwait
Kuwait Said Running Out Of Cash – Budget Deficit To Touch $46 Billion This Year When Kuwait’s then- Finance Minister Anas Al-Saleh warned in 2016 that it was time to cut spending and prepare for life after oil, he was ridiculed by a population raised on a seemingly endless ... September 03, 2020 508 Category: Kuwait
KD 200,000 Deficit In Capital Co-op Society Cooperative Sector inspectors in the Ministry of Social Affairs discovered a deficit of KD200,000 when they did an inventory of the contents of a cooperative society in the Capital Governorate and tha... January 09, 2020 216 Category: Kuwait
State Budget In The First 7 Months Of The Current Fiscal Year Recorded A Deficit Of KD 1.7 BN The state budget in the first seven months of the current fiscal year (2019/2020) recorded a deficit of KD 1.7 billion after deducting the share of reserves for future generations, which witnessed a d... November 18, 2019 299 Category: Kuwait
Deficit Widens As Aramco IPO Nears Saudi Arabia expects its state budget deficit to widen to 187 billion riyals ($49.86 billion) next year, or 6.5 percent of gross domestic product (GDP) from a projected 131 billion riyals for this yea... November 03, 2019 227 Category: Business
State Budget For 2019/2020 Records A Deficit Of KD 1.1b For April 1 To June 30 The State Budget for the current fiscal (2019/2020) has recorded a deficit of 1.1 billion dinars for the period from April 1 to June 30 last, reports Al-Rai daily quoting informed sources. The sour... September 05, 2019 243 Category: Business
KD 4.3 Billion Deficit For 18-19 The general budget ending March 31 for fiscal 2018/2019 will reach a deficit of KD 4.3 billion, compared to the budget of KD 4.84 billion for the fiscal 2017/2018, reports Al-Rai daily. The sources... March 25, 2019 258 Category: Business
Frightening Budget With A Deficit Of KD 7.7 Billion With a deficit of KD 7.7 billion and expenses totaling KD 22.5 billion in our new budget from April 1, our budget is not comforting for our future generation, despite firm assurances from the governme... January 27, 2019 383 Category: Business
Budget Deficit For 2019-2020 To Hit KD 7.7bn Kuwait’s estimated budget deficit for the 2019/2020 fiscal year could soar to KD 7.7 billion ($25.3 billion), Finance Minister Dr Nayef Al- Hajraf said on Monday. Kuwait plans to spend KD 22.5 b... January 22, 2019 380 Category: Kuwait
Govt Should Not Borrow To Finance Budget Deficit The State Audit Bureau recommends that the government should not borrow for financing the budget deficit, and should instead opt for capital projects, provided it develops a longterm strategy to deal ... August 09, 2018 282 Category: Business
Kuwait Has One Of The Most Powerful Financial Plans In The Gulf Recent report of the City Group indicates Kuwait has one of the most powerful financial plans in the Gulf, and the country’s financial reserve is worth $400 billion through funds accumulated sin... February 27, 2018 859 Category: Kuwait
MP Riyadh Al-Adsani Launched An Attack Against MPs For Not Supporting The No-confidence Motion MP Riyadh Al-Adsani launched an attack against MPs Khaled Al-Otaibi and Al-Humaidi Al-Subaie after they criticized him for not supporting the no-confidence motion against Minister of Social Affairs an... February 05, 2018 648 Category: Kuwait
Kuwait Denies Reported IMF Statement That Budget Has No Deficit Kuwait Finance Ministry Friday categorically denied media reports which quoted a statement allegedly released by the International Monetary Fund (IMF) saying Kuwait budget has no deficit. ; ... January 20, 2018 869 Category: Kuwait
Qatar Allows Full Ownership For Foreign Investors Qatar has approved legislation allowing 100-percent ownership for foreign investors in most sectors of the economy in a bid to boost non-energy revenues, the government said on Thursday. The move c... January 06, 2018 884 Category: Kuwait
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