Search

Kuwait Faces Budget Deficit as Oil Prices Fall Below Breakeven

  • Al-Shall report forecasts a budget deficit of KWD 2.425 billion for the fiscal year 2024/2025
  • Kuwait’s oil revenues expected to rise, but below breakeven price, creating budget pressures

Kuwait City, Kuwait – Kuwait is projected to face a budget deficit of KWD 2.425 billion ($8bn) for the current fiscal year, according to the latest weekly economic report from Al-Shall, a leading Kuwaiti economic and financial research organisation.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
How Nigeria's cocoa strategy could end decades of oil dependence
Read More »
A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »

Recent Politics

Gridlock at Ijora, Lagos, Nigeria. Photo by Dami Akinbode @ Unsplash
Nigeria’s inflation barely moves. Is disinflation finally real?
Read More »
Barrels of oil. Photo by Atik sulianami @ Unsplash
Uganda pushes first oil to 2027. Will investors wait?
Read More »
View of the San Antonio Maersk Container Ship in the Port. Photo by Wolfgang Weiser @Pexels
Nigeria has ship finance. Where are the vessels?
Read More »

Latest Posts

Latest news insights