Kuwait – Mubasher: Kuwait's state budget is expected to see a deficit of around KWD 22 billion in the coming three years due to tumbling oil prices, said Finance Minister Anas Al-Saleh.
In a speech during a national conference on priorities, Al-Saleh added that that the government is working hard on implementing a long-term economic vision that aims to diversify the country's sources of revenue.
Public expenditure has risen to unprecedented levels, reaching KWD 21.4 billion for the 2014-2015 fiscal year, Al-Saleh said, adding that the expenditure had never previously exceeded KWD 4 billion.
