January 2020

Kuwait releases budget 2020/21 with record fiscal deficit

Marmore First Take Report

Pages : 8

Executive Summary

Kuwait has announced a state budget proposal for the fiscal year 2021 (period starting in April 01, 2020 and ending on March 31, 2021) that projects spending at KD 22.5billion and revenues at KD 14.8billion. For the fiscal year 2021, spending is budgeted to remain at the same level as last year (KD 22.5billion, 2019/20); while, revenues are expected to be lower by 9.8 per cent than the last year budget (KD 16.4billion, 2019/20) on expectations of lower oil production.

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Executive Summary

أعلنت الكويت عن اقتراح موازنة الدولة للسنة المالية 2021 (الفترة التي تبدأ في 1 أبريل 2020 وتنتهي في 31 مارس 2021) حيث بلغ حجم الإنفاق على المشاريع 22.5 مليار دينار كويتي، بينما بلغت الإيرادات 14.8 مليار دينار كويتي. بالنسبة للعام المالي 2021، تم تحديد موزانة المصاريف لتظل مثل العام الماضي (22.5 مليار دينار كويتي، 2019/20)؛ بينما من المتوقع أن تنخفض الإيرادات بنسبة 9.8 في المائة عن ميزانية العام الماضي (16.4 مليار دينار كويتي، 2019/20) بسبب توقعات انخفاض إنتاج النفط.

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