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Asharq Al-Awsat

Business

Kuwait - Asharq Al-Awsat

Kuwait Draft Budget Sees Deficit Down 74%

Kuwait National Assembly

A general view of Kuwait City. (Reuters file photo)

Kuwait announced that the draft budget for the fiscal year 2022-2023 sees oil income at $55 billion throughout the FY that ends in March 2023, up 83.4 percent from 2021-2022.

The Finance Ministry said it submitted the draft budget to the cabinet before presenting it to the National Assembly for approval.

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