Kuwait’s Ministry of Finance announced in a post on the (X) platform that the proposed budget for the 2026-2027 fiscal year projects a deficit of 9.8 billion dinars ($32.12 billion) and total revenue of 16.3 billion dinars ($53.42 billion).
Kuwait’s fiscal year begins on April 1st and ends on March 31st each year.
According to the ministry, 79% of the revenue will come from oil revenues, amounting to 12.8 billion dinars, a 16.3% decrease from oil revenues (15.3 billion dinars) in the 2025-2026 fiscal year.
Non-oil income
The new budget estimates non-oil revenues at $3.5 billion, representing 21% of total projected revenues.
Salaries and equivalent amounts amounted to 15.8 billion dinars, various supports amounted to approximately 4 billion dinars, capital investments amounted to 3.1 billion dinars, and remaining expenses amounted to 3.2 billion dinars.
Total expenditure is expected to reach approximately 26 billion dinars, an increase of 6.2% from the previous year. Oil prices in next year’s budget are estimated at $57 per barrel, making the budget break-even price $90.5 per barrel.
Kuwait’s Ministry of Finance announced in a post on the (X) platform that the 2026-2027 budget proposal is expected to result in a deficit of 9.8 billion dinars ($32.12 billion) and total revenue of 16.3 billion dinars ($53.42 billion).
Kuwait’s fiscal year begins on April 1st and ends on March 31st each year.
According to the ministry, 79% of the revenue will come from oil revenues of 12.8 billion dinars, a 16.3% decrease compared to the 2025-2026 oil revenue (15.3 billion dinars).
Non-oil income
The new budget estimates non-oil revenues at $3.5 billion, representing 21% of total projected revenues.
Expenditures for salaries and other expenses amounted to 15.8 billion dinars, various supports amounted to approximately 4 billion dinars, capital investment amounted to 3.1 billion dinars, and other expenses amounted to 3.2 billion dinars.
Total expenditure is expected to reach approximately 26 billion dinars, an increase of 6.2% from the previous year, and the crude oil price in next year’s budget is estimated to be $57 per barrel, and the budgeted break-even price is estimated to be $90.5 per barrel.
