Riyadh: The Kuwaiti Ministry of Finance submitted on Monday a budget draft report for 2022-2023 fiscal year, with an expected deficit of 3.1 billion dinars ($10.26 billion), decreasing 74.2 percent from previous year, according to a Reuters report citing a ministry statement.

The report also stated that the OPEC member country expects oil income of 16.7 billion dinars during the fiscal year ending in March 2023, an increase of 83.4 percent from 2021-2022.

Total revenues are estimated at 18.8 billion dinars and expenditures at 21.9 billion dinars in the 2022-2023 fiscal year.

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