Published 26 days ago • Kuwait • Updated 25 days ago

Kuwait's non-oil revenues surpass 10 billion dinars in 5 years - Times Kuwait

Summary by timeskuwait.com

Maximizing non-oil revenues while balancing oil revenues, has long been a persistent challenge for Kuwait’s budget. Every Finance Minister who takes office highlights this issue, stressing the importance of diversifying income sources to ensure economic stability. Speaking at the “First General Budget 2024” forum organized by the ministry, former Minister Anwar Al-Mudhaf highlighted the government’s goal of raising actual non-oil revenues in the…

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Global Finance Magazine

Kuwait: Balancing Revenue Growth With Stability

Kuwait’s economy is undergoing critical transformation as the authorities implement long-awaited reforms to develop the non-oil sector and diversify income. The Kuwaiti economy is at a turning point. In early February, the Cabinet approved a draft budget for fiscal year 2025-2026, signaling an 11% year-over-year increase in the deficit on slightly lower revenues. The proposal, still awaiting the approval of Emir Mishal Al-Ahmad Al-Jaber Al-Sab…

25 days ago

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