KD 14.8b in revenues, KD 9.2b deficit – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

KD 14.8b in revenues, KD 9.2b deficit – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

KUWAIT CABINET SUBMITS 20/21 BUDGET TO PARLIAMENT. The State's budget forecasts 14.8 billion in revenue (-6.5 percent change), 22.5 billion in expenditure (0 percent change), and a deficit of KD 9.2 billion (+11.2 percent change) after accounting for the transfer of 10 percent of all revenue to the State's Future Generations Fund (FGF) as mandated by law.. "The budget we submitted for next year caps expenditure at KD 22.5 billion, which is 19 percent less than the initial budget proposals, and inline with the current fiscal year's budget.. 2019/'20 budget to focus on increasing non-oil revenues KUWAIT CITY, Jan 20: The total revenue “¦.