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Adnan Abdulsamad

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Adnan Abdulsamad

Adnan Abdulsamad latest

The actual budget deficit for the 2015/2016 fiscal year which ended on March 31 is KD 5.5 billion, the first actual deficit to be posted by Kuwait after 16 years of surpluses. (File photo)
July 4th, 2016 - 05:15 GMT

Kuwait may borrow up to $16.5B to finance budget deficit

Kuwait has plans to tap up to $10 billion from international debt markets and $6.6 billion from the domestic market in order to cover an expected $31.5 billion budget deficit for the current fiscal year.
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Prices are expected to increase from 60 to 85 fils per litre for 91 octane, from 65 to 105 fils per litre for 95 octane and from 90 to 165 fils per litre for 98 octane. (File photo)
June 7th, 2016 - 05:00 GMT

Kuwait to raise fuel prices due to squeezed subsidy budget

The spending figure of 23.21 billion dinars is 10.5 percent higher than estimates in the past fiscal year of 21 billion dinars.
July 4th, 2014 - 02:28 GMT

Will it get away with it this time? Kuwait passes excessively high budget, projects deficit

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