Tourism projects enable monthly marina and marine parking permits
The Kuwaiti economy is facing challenges related to declining oil prices and a decrease in public revenues, with projections indicating that the fiscal deficit may reach approximately 16 billion Kuwaiti dinars by 2026. Data shows that public debt has risen to around 60 billion dinars, representing a deficit rate of 43.4% of the gross domestic product. The Kuwaiti government is pursuing economic reforms that include reducing reliance on oil and diversifying income sources, along with plans to cut public spending and improve the investment environment to address ongoing financial challenges.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)