Kuwait posts $7.52bln deficit in period April 2019-January 2020 | ZAWYA MENA Edition:
Kuwait posted a deficit of 2.3 billion Kuwaiti dinars ($7.52 billion) in the period from April 1 to the end of January, after depositing 10% of revenue to its sovereign wealth fund, official data showed on Wednesday.
Kuwait previously said it expected a total deficit of 7.7 billion dinars in the 2019-2020 fiscal year, which ends in March.
The Finance Ministry said the data published on Wednesday was incomplete because of delays in the disclosure of spending by several government agencies.
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