Kuwait's finance ministry plans to cap 2027-28 budget at 24.5bn KWD, double non-oil revenues, and reduce oil dependence for economic stability.
Kuwait's finance ministry aims to cap government spending at 24.5 billion Kuwaiti dinars ($80.19bn) for the 2027-28 budget to control budget growth and double non-oil revenues to 4 billion Kuwaiti dinars by the same time to reduce dependence on oil revenues. This forms part of a broader economic strategy to ensure financial stability and sustainable growth for the country.
July 14, 2024
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