UPDATE 1-Kuwait deficit to widen with 2020-2021 budget on lower revenues - Reuters:
Kuwait expects a budget deficit of 9.2 billion dinars ($30.33 billion) in the fiscal year starting on April 1 after it has deposited 10% of total revenue into the country’s sovereign wealth fund, government figures released on Tuesday showed.
That represents a deficit increase of 19% compared with the previous year, for which the Gulf state had projected a 7.7 billion-dinar shortfall.
Kuwait projects spending of 22.5 billion dinars for the 2020-2021 budget, according to the figures released at a news briefing by Finance Minister Mariam Aqeel Al-Aqeel.
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