Home About Kuna Advertise Contact Us Kuna's Bureaus Services KUNA training center Term Of Use
Register Login
facebook Twitter Youtube rss
  
US lobbies for increased pressures on N. Korea      UNICEF provides nearly half of world's children with vaccines      Turkey airstrikes conducted without coordination as expected from partner - Pentagon      IS must be eradicated before it grows in PACOM area - US commander      S. Arabia aborts plot to blow up Aramco installations      OPCW marks its 20th anniversary      OPEC basket at USD 49.21 pb      Saudi, US top officials discuss anti-IS efforts during Riyadh meeting      US stocks increases, hitting new highs      Kuwait's crude oil exports to China up 14.7 pct
  General
Kuwait declares State budget (2017-2018)
31/01/2017 | LOC00:07
21:07 GMT
| Kuwait News
تصغير الخطالشكل الأساسيتكبير الخط
Deputy Prime Minister and Minister of Finance Anas Al-Saleh speaking at ministerial dialogue session as part of ceremonial launch of the National Media Campaign, "New Kuwait."
Deputy Prime Minister and Minister of Finance Anas Al-Saleh speaking at ministerial dialogue session as part of ceremonial launch of the National Media Campaign, "New Kuwait."

KUWAIT, Jan 30 (KUNA) -- Projected expenditure in the 2017-18 State budget amounts to approximately KD 21.2 billion and estimated income stands at KD 13.3 billion, with a KD 7.9 billion deficit, the Finance Minister announced late on Monday. (USD=KD 0.305).

Figures of the 2017-18 State budget have been set on forecast oil price at USD 45 per barrel, said Anas Al-Saleh, also the Deputy Prime Minister, speaking at a news conference following a ministerial dialogue session, held tonight as part of ceremonial launch of the National Media Campaign, "New Kuwait." The equilibrium level, with deduction of the proportion allotted for the next generations, is forecast in the event the crude oil price has stood at USD 71 per barrel, the minister added.

Forecast oil revenues for the 2017-18 year amount to some KD 11.7 billion, with a 36 percent rise, as compared to those of the 2016-17 FY.
Total cost of construction ventures reaches KD 20.5 billion, Minister Al-Saleh said, affirming that this cost is a liability for the State throughout duration of executing the projects, namely increasing accommodation capacity of Kuwait International Airport and building an advanced infrastructure for the roads and other key facilities.
Overall number of development projects envisaged in the 2017-18 development strategy has reached 161, cost of which at KD 4.57 billion, including KD 1.5 billion part of the for the State budget, Minister Al-Saleh stated.
He indicated that spending would be restricted through disapproval of establishing new public authorities or institutions, jurisdictions of which can be included in authorities of existing ones, as well as merging departments tasks and objectives of which are identical.
Bases of the development strategy, "New Kuwait," are: Government administration, sustainable and diversified economy, advanced infrastructure, high-quality health care, creative manpower, sustainable living environment and distinguished international status for the State of Kuwait. (end) fnk.rk
 Print
  Email
 Save
Share
Share
Kuwait Vision

Click
أن كنت تهوى التصوير شارك بلقطاتك المبدعة عبر "كليك" وتمتع برؤيتها على صفحة وكالة الانباء الكويتية (كونا)


Click
أن كنت تهوى التصوير شارك بلقطاتك المبدعة عبر "كليك" وتمتع برؤيتها على صفحة وكالة الانباء الكويتية (كونا)



Click
أن كنت تهوى التصوير شارك بلقطاتك المبدعة عبر "كليك" وتمتع برؤيتها على صفحة وكالة الانباء الكويتية (كونا)



Click
أن كنت تهوى التصوير شارك بلقطاتك المبدعة عبر "كليك" وتمتع برؤيتها على صفحة وكالة الانباء الكويتية (كونا)



Click
أن كنت تهوى التصوير شارك بلقطاتك المبدعة عبر "كليك" وتمتع برؤيتها على صفحة وكالة الانباء الكويتية (كونا)

 
News Brief
 


KUNA publishes a book titled (His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah: A Humanitarian Leader) to commemorate the UN honoring of Kuwait's leader

 
Most Read Most Emailed  
1.   Kuwait's crude oil exports to China up 14.7 pct
2.   Kuwait widely praised for Yemen's USD 100 mln donation - Al-Ghunaim
3.   UN humanitarian agencies responds to IDPs in Mosul
4.   S. Arabia aborts plot to blow up Aramco installations
5.   Kuwaiti medical team arrives in Somalia to provide assistance
6.   Kuwait oil price down by 58 cents to USD 48.17 pb
 
 
kuna magazien

 
Publications

 
WEATHER
PRAYER
CURRENCIES
KUWAIT AIRPORT
About KUNA KUNA SERVICES USEFUL LINKS KUNA ARCHIVE KUNA PUBLICATIONS
Home
About Kuna
Advertise
Contact Us
Kuna's Bureaus
Services
KUNA training center
Term Of Use
Read The Whole Newscast
Pictures (during the week)
FTP Service
KUNA Reader
SMS Services
الكويت فى ذاكرة الأيام
Job Application
Careers
Arab News Agencies
International News Agencies
Governmental Institutes
other useful links
Prayer Times
News Archive
Other News Services
Today In Kuwait's History
Events
Training Sessions
Videos
All KUNA right are reserved © 2012. This site is designed and published by IDS