Kuwait’s public budget recorded a fiscal deficit of about KD5.41 billion dinars in the period from April 2020 to January 2021, that is, during the 10 months of the fiscal year 2020/2021, according to the monthly report of the Ministry of Finance, an increase of 549 percent compared to the deficit achieved in the corresponding period of the last fiscal year, which amounted to KD833.32 million (before deducting the Al-Ajyal Fund share), Al Rai daily reported.
The total revenue collected for the period from April 2020 to last January was about KD7.85 billion, an increase of 4.7 percent over the estimated budget for the same period of KD7.5 billion.
During the 10 months of the current fiscal year, oil revenues reached 6.713 billion dinars, an increase from the estimated 19.3 percent, while actual non-oil revenues recorded 1.14 billion dinars, accounting for 60.8 percent of the estimated budget.
As for expenditures and commitment, it amounted to KD13.26 billion dinars, by KD10.984 billion for expenditures and KD2,316 billion for commitment, so that the total expenditures and actual commitment during THE 10 months constituted only 61.5 percent of the estimated budget.
Total capital expenditures during the same period amounted to about KD697.82 million, or about 30.2 percent of the budget estimate, which is KD2.31 billion.