Kuwait government spent KD 1.5bn on economic projects in 9 months

Kuwait government spent KD 1.5bn on economic projects in 9 months

KUWAIT CITY, March 4: Ministry of Finance data revealed that the government spent about 1.5 billion dinars on projects and economic affairs during the first 9 months of the 2023-2024 fiscal year, representing 52.5% of the total 2023-2024 budget allocations for those projects, which amounted to 2.9 billion dinars, leaving about 1.1 billion dinars of …

<p>The post Kuwait government spent KD 1.5bn on economic projects in 9 months first appeared on ARAB TIMES - KUWAIT NEWS.</p>KUWAIT CITY, March 4: Ministry of Finance data revealed that the government spent about 1.5 billion dinars on projects and economic affairs during the first 9 months of the 2023-2024 fiscal year, representing 52.5% of the total 2023-2024 budget allocations for those projects, which amounted to 2.9 billion dinars, leaving about 1.1 billion dinars of the approved amount remaining. The data showed that expenditures made on various development projects amounted to 1.9 million dinars, representing 32.2% of the estimated expenditures, while the government spent about 10.1 million dinars in economic aid to foreign parties, representing 9.2% of the appropriations estimated at approximately 110.2 million dinars. The government’s expenditures on the oil and gas sector during the first 9 months of the fiscal year 2023-2024 amounted