Kuwait expects parliament to cooperate on solutions to budget financing - Finance Minister | Reuters
Kuwait said on Tuesday it was confident parliament would cooperate to find solutions and implement financial reforms to cover its deficit, the finance ministry said in a statement.
It said the oil-rich Gulf state expects a budget deficit of 55.4 billion Kuwaiti dinars ($183.29 billion) from fiscal year 2020/21 to fiscal year 2024/25, but that the country’s finances remained “strong” due to the Future Generations Fund, Kuwait’s largest state fund.
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