Kuwait warns deficit \\\'inevitable\\\' as spending soars

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FE Team | Published: May 22, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

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KUWAIT CITY, May 21 (AFP) : Kuwait's finance minister warned Tuesday that the oil-rich Gulf state will face a certain budget deficit because growth in spending has outpaced a rise in public revenues.
"A budget deficit is inevitable... as the average annual growth in public spending was 20.4 per cent during the past decade against a 16.2 per cent average rise in revenues.”