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Kuwait Finance Min. estimates 2018-19 state budget deficit at KD 7.9 bln

KUWAIT, June 27 (KUNA) -- Kuwaiti Minister of Finance Nayef Al-Hajraf estimated Wednesday the state budget revenues for the FY 2018-2019 at KD 15 billion (USD 49.550 billion), and expenditures at KD 21.5 billion (USD 71.022 billion).
The minister said in a statement that the budget deficit hits KD 7.9 billion (USD 26.097 billion) after the deduction of 10 percent of revenues for the Future Generations Fund.
The 2018-2019 budget includes the allocation of 17 percent for construction projects, 16 percent for subsidy, 54 percent for salaries and 13 percent for other expenses, the minister added. (more) jy.amh.mt