Kuwait Reports $5.23 Billion Deficit for FY 2023/24

Kuwait, 25 July, 2024 : recorded a deficit of 1.6 billion dinars ($5.23 billion) in the fiscal year 2023/24, following a surplus of 6.4 billion dinars the previous year, according to the finance ministry.

Oil revenues dropped to 21.528 billion dinars in FY 2023/24, down from 26.713 billion dinars in the prior year.

($1 = 0.3058 Kuwaiti dinars)

Source : www.zawya.com