Kuwait’s budget deficit hits record $35.5 billion
RIYADH: Kuwait recorded a deficit of 10.8 billion dinars ($35.5 billion) in the 2020-2021 fiscal year, a surge of 174.8 per cent, which is the highest budget deficit in the country’s history, according to a report by the Kuwaiti Finance Ministry. Revenues amounted to 10.5 billion dinars in the fiscal year ended in March 31, … Read more