Deficit
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Government Studying To Raise Fees For Its Services To Cut Deficit23 November 2015The government is studying whether to raise fees for its services, Finance Minister Anas Al-Saleh said in comments published by the local Al-Rai newspaper yesterday. Saleh said the...Kuwait Budget To Post Huge Deficit Of Kd 3 Billion09 January 2016The fiscal year of 2015/16 will close with a deficit of KD 3.9 billion (USD 12.7 billion) or 9.8 percent of GDP, National Bank of Kuwait (NBK) predicted on Friday. The interim publ...Budget Deficit Jumping By 50 Percnt In 2016-17 - Kuwait Finance Ministry29 January 2016Kuwait's finance ministry said on Thursday that the Gulf oil exporter's 2016-17 draft budget forecasts a deficit of 12.2 billion dinar ($40.2 billion), nearly 50 percent hi...Finance Minister Predicts Budget Deficit Of Kd 22 Bln For Next 3 Years23 March 2016Kuwait's state budget is expected to have a deficit of around KD 22 billion for the next three years as a result of plummeting oil prices, Deputy Premier and Finance Minister A...Kuwait May Issue Up To 16.5bn Dollars Debt To Cover 2016-17 Deficit04 July 2016Kuwait plans to issue up to 3 billion dinars ($10 billion) in US dollar-denominated bonds and sukuk in international markets to help plug its budget deficit for the current 2016-17...Budget Deficit After 16 Years Of Surplus10 August 2016Lower oil prices have pushed Kuwait into a rare budget deficit, ending 16 straight years of surpluses for the energy-rich Gulf state, the finance minister said. The OPEC member...Rise In Expats - Kuwait Amir Will Restore The Citizenship Of Opposition07 March 2017Kuwait will restore the citizenship of opposition figures and dozens of their relatives nearly three years after revoking it in a crackdown on dissent, lawmakers said Monday. &ldqu...Kuwaits Current Account Recorded A Deficit Of Kd 1510 Million During 201605 May 2017The State of Kuwait’s current account recorded a deficit of KD 1,510 million during 2016 (4.5 percent of total estimated 2016 GDP at current prices) against a surplus of KD 1...Average Gulf Govt Deficit Exceeds 11 Pc Of Gdp Amid Oil Price Fall03 June 2017Gulf governments collectively registered a budget deficit of more than 11 percent of gross domestic product (GDP) in 2016 due to low oil prices, according to PwC. Its latest Mid...Deductions Worth Kd 28.5 Billion In The General Reserve From 2015 To 201717 July 2017Deductions worth KD 28.5 billion ($94 billion) in the general reserve from 2015 to 2017 do not represent the deficit for those three years, said Kuwait’s Finance Ministry on...Kuwaits 16-17 Budget Deficit Shrinks By 60.8 Percent26 July 2017Kuwait's final statement of fiscal year (FY) 2016-17 showed deficit shrinking by 5.9 billion Kuwaiti Dinars (KD) (US$ 19.5 billion), or 60.8 percent than projected deficit redu...Country Recorded A Deficit Of Kd 1.94 Billion In Its Budget17 October 2017The country recorded a deficit of KD 1.94 billion in its general budget in the first half of fiscal 2017/2018, reports Al-Rai daily quoting the monthly financial report released by...Audit Bureau Has Called On The Government To Impose New Taxes10 November 2017The Audit Bureau (AB) has called on the government to impose new taxes to increase the non-oil revenues by amending the tax laws to reform the state’s tax system saying an in...Mof Has Allotted Budget Of Kd 2.2 Billion To The Moe For Fiscal Year 2018-201911 December 2017Ministry of Finance has allotted budget of KD 2.2 billion (about $ 7.2 billion) to the Ministry of Education for fiscal year 2018/2019, says acting Assistant Undersecretary for Fin...Moi Increased Fees For Services Is The Deficit In The State Budget25 December 2017The Director- General of the General Department for Residence Affairs, Major-General Talal Marafie said the most important reason why the Ministry of Interior increased fees for se...