Kuwaiti oil revenues drop to KWD 13bn in 10M

Kuwaiti oil revenues drop to KWD 13bn in 10M

Mubasher: Kuwait's oil revenues amounted to KWD 13.07 billion ($42.97 billion) in the first 10 months of fiscal year 2019/2020, down by 17.64% year-on-year (YoY) from KWD 15.87 billion ($52.17 billion). Oil revenues in Kuwait accounted for 94.2% of the estimated income of KWD 13.863 billion for fiscal year 2019/2020, according to recent data by the Ministry of Finance.. It is worth noting that Kuwait's budget deficit recorded KWD 2.26 billion ($7.43 billion) in the first 10 months of fiscal year 2019/2020 after transferring the Future Generations Fund's reserve..