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Official figures indicate that Kuwait's budget for the fiscal year 2026/2027 aims for a deficit of 2.4 billion Kuwaiti dinars, equivalent to approximately 7.9 billion US dollars. This represents a decrease from the previous year's projected deficit of 4.8 billion dinars. The budget focuses on achieving financial balance by increasing revenues by 18%, primarily through higher oil prices and tax reforms, while maintaining spending on developmental projects and social services. The government expects the Gross Domestic Product (GDP) to reach 46 billion dinars, with a growth rate of 3.2%. The financing plan also includes issuing bonds worth over 1.66 billion dinars to strengthen financial reserves.
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