Faisal Al-Muzaini, Director of the Public Debt Department at the Ministry of Finance, announced that Kuwait plans to borrow between 3 and 6 billion dinars during the current fiscal from both the local and international markets to support various development initiatives.
Speaking at an introductory conference on the Financing and Liquidity Decree-Law, Al-Muzaini emphasized that the law serves as a key financing tool to enable project execution, reports Al-Rai daily.
He highlighted Kuwait’s strong fiscal position, noting that the country’s debt-to-GDP ratio remains low at just 2.9 percent — far below global averages, which often range between 60 and 70 percent.
He added that the exact borrowing amount will depend on financial market conditions and other influencing factors.
