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Kuwait Faces Budget Deficit as Oil Prices Fall Below Breakeven

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Faten Omar

Faten Omar has covered stories since 2014, with experience spanning Arabic outlets and prior work in Jordan.
  • 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.

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