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Thursday, November 21, 2024 6:23 GMT
The oil price in Kuwait’s budget for next year must reach US$91.00 per barrel. This figure is based on our upcoming fiscal year budget, starting April 1, with a projected deficit of KD 6 billion (~US$19.5 billion). The total budget is set at KD 25 billion (~US$81.3 billion), which is KD 2 billion (~US$19.5 billion) lower than the current year’s budget. It is worth noting that the government has announced an equilibrium price to balance the budget for the first time. This budget is based on a...More