Kuwait, 26 March, 2025 : Decree-Law No. 14/2025 has been issued to define the budgets of ministries and government departments for the 2025/2026 fiscal year. The budget forecasts revenues of KD 18,231,486,000, with projected expenditures totaling KD 24,538,000,000, leading to a deficit of KD 6,306,514,000.
In addition, the Kuwait Al-Youm official gazette published decrees for the budgets of 39 independent and affiliated government entities, with profits expected in only a few. Key budget allocations include:
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National Assembly: KD 33,843,000
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Kuwait Municipality: KD 228,964,000
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Kuwait University: KD 417,181,000
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Public Authority for Housing Welfare: KD 569,802,000
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Public Authority for Social Security: KD 5,695,320,000
The budget also forecasts a revenue surplus of KD 2,176,000,000, which will be added to the reserve funds. Additionally, the Kuwait Petroleum Corporation is expected to generate revenues of KD 22,854,846,000 with profits of KD 214,279,000.
The total expected revenues for various entities, including the Kuwait Credit Bank and the Development Fund, are also projected, contributing to the country’s financial landscape for the upcoming fiscal year.
Source : www.zawya.com
