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.

Recent Business

A happy cocoa farmer. Photo @ Pixabay
Ghana loses $1.1bn to cocoa smuggling in three-year border crisis
Read More »
A shopper at a supermarket. Photo @ Unsplash
Nigeria’s annual inflation slowed to 16% in October
Read More »
Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
Australian gold miner Skylark Minerals makes $4mn push into Côte d’Ivoire
Read More »

Recent Politics

Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Can Oburu Oginga hold Kenya’s ODM together after Raila Odinga’s death?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin extends presidential term from five to seven years
Read More »
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Senegal’s soaring presidency budget sparks scrutiny amid economic strain
Read More »

Latest Posts

Latest news insights