|14 January, 2020

Kuwait 2020/21 budget forecasts no rise in overall spending

Kuwait said on Tuesday it did not plan to raise total spending in its state budget for the year ending on March 31, 2021.

Image used for illustrative purpose. Kuwait City Skyline, Kuwait.

Image used for illustrative purpose. Kuwait City Skyline, Kuwait.

Getty Images/Emad Aljumah

KUWAIT- Kuwait said on Tuesday it did not plan to raise total spending in its state budget for the year ending on March 31, 2021.

Although overall spending would not change, figures issued by the Gulf Arab state showed capital spending increasing by 16% in the next financial year.

(Reporting by Alexander Cornwell and Ahmed Hagagy; Writing by Davide Barbuscia; Editing by Edmund Blair) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

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