Kuwait’s top 10 agencies dominate revenue collection with 17.7 billion dinars

• The Ministry of Oil topped government agencies in revenue, receiving around 16.375 billion dinars from April 2023 to January 2024, primarily from oil, totaling 16.35 billion dinars.

According to official data from the Ministry of Finance, the majority of Kuwait’s revenues in the first ten months of the current fiscal year 2023/2024 were generated by ten government agencies, amounting to nearly 99% of the total revenues collected. Out of the 17.8 billion dinars collected in 34 government ministries and departments, 17.7 billion dinars were concentrated within these ten agencies.

The revenues collected from the ten entities included approximately 16.37 billion dinars for the Ministry of Oil alone, while the other nine entities recorded revenues estimated at 1.326 billion dinars.

The Ministry of Oil ranked first among the government agencies in revenue collection, receiving approximately 16.375 billion dinars from April 1, 2023, until the end of January 2024. Specifically, the ministry received 16.35 billion dinars in oil revenues.

The Ministry of Electricity and Water ranked second among government agencies, earning about 394.36 million dinars in revenues during the first ten months of the year. These revenues were generated from goods, services, and other sources.

Ministry of Finance – third in revenue with 249.19 million dinars

The Ministry of Finance – General Administration ranked third, achieving approximately 249.19 million dinars in revenues during the first ten months of the current fiscal year. Its revenues comprised 134.65 million dinars from taxes and fees, 110.8 million dinars from the income of goods, services, and other sources, and 3.7 million dinars from asset disposal income.

Customs Administration nets 201.1 million dinars in revenue

The General Administration of Customs ranked fourth, achieving a total revenue of 201.1 million dinars from April 2023 until the end of last January. The administration’s revenue included 188.3 million dinars from taxes and fees, and 12.77 million dinars from goods, services, and other sources.

Ministry of Justice revenue hits 145.2 million dinars

The Ministry of Justice ranked fifth among the most revenue-fulfilling entities, achieving about 145.2 million dinars in the first ten months of this year. Its revenues included 12.53 million dinars from taxes and fees, and 132.6 million dinars from goods, services, and other sources.

Ministry of Interior revenues reach 121.37 million dinars

The Ministry of Interior ranked sixth, obtaining revenues estimated at 121.37 million dinars during the first tenmonths of the current fiscal year, with the majority coming from goods, services, and other sources.

Ministry of Health revenue totals 115.4 million dinars

The Ministry of Health achieved a total revenue of about 115.4 million dinars, placing seventh on the list of entities with the highest revenues during the first 10 months of the current fiscal year. This includes 80.4 million dinars from social contributions, and 35 million dinars from goods, services, and other sources.

Civil Aviation Directorate reports 57.43 million dinars revenue

The General Directorate of Civil Aviation achieved approximately 57.43 million dinars in revenue during the first 10 months of the current fiscal year, ranking eighth. This includes 12.4 million dinars from tax and fee revenues, and 45 million dinars from goods, services, and other sources.

Ministry of Transportation revenue reaches 22.8 million dinars

The Ministry of Transportation ranked ninth after achieving revenues estimated at 22.8 million dinars during the first ten months of the current fiscal year, all from goods, services, and other sources.

Ministry of Public Works achieves 19.5 million dinars revenue

The Ministry of Public Works ranked tenth after achieving 19.5 million dinars during the first ten months of the year, with these revenues coming from goods, services, and other sources.