Fiscal Balance in Kuwait

Kuwait Fiscal Balance | Economic News & Forecasts

Kuwait - Fiscal Balance

Economic growth is likely to have been subdued in Q4 2018 on freefalling oil prices and a small drop in oil output. In brighter news, the government is on track to privatize certain sectors—including telecommunications, postal, and telephone services—as part of broader efforts to diversify the economy away from an overreliance on oil. This should help resolve debt issues and trim public expenditure by bringing down the government wage bill, while also encouraging Kuwaiti nationals to take up employment in the private sector.

Kuwait - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)22.2  19.9  -10.9  -     -     

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Kuwait Fiscal Balance Chart

Kuwait Fiscal
Note: Fiscal balance as % of GDP.
Source: Central Bank of Kuwait.

Kuwait Facts

Exchange Rate0.30-0.05 %Mar 11

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