finance deficit

Kuwait registered a deficit of 1.6 billion dinars ($5.23 billion) in fiscal year 2023/24 from a surplus of 6.4 billion dinars in the previous year, its finance ministry said in a statement on Wednesday. Kuwait’s oil revenues fell to…
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Kuwait’s budget deficit is expected to decrease by 13.5 percent in the 2024-25 fiscal year, according to a draft budget released by the Ministry of Finance. The shortfall is forecasted to hit 5.89 billion dinars ($19.15 billion), with…
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The global trade finance deficit increased to a record $2.5 trillion in 2022, up from $1.7 trillion in 2020, as rising interest rates, deteriorating economic forecasts, inflation, and geopolitical unpredictability limited banks’ ability to…
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