(MENAFN) Estimates showed that revenues from the government departments are set to witness a decrease by 66 percent when compared to the previous year, Arab Times reported.
The forecast were issued by the Budgets and Final Accounts Committee, which additionally posted an approximation of about USD39.69 billion for this fiscal year's revenue.
He pointed out the estimated budget deficit will shrink due to the expected increase in the selling price of Kuwaiti oil and the value of the dinar against the dollar.
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