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UAE fiscal surplus likely to narrow in 2025-2026; economy remains positive
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Kuwait approves draft budget for 2025-2026, projects 6.3 billion dinars deficit - Times Kuwait
The government has approved the draft budget for fiscal year 2025-2026, projecting a 6.3 billion dinars deficit (13% of GDP), up from 5.6 billion dinars in 2024-2025. While current expenditures remain steady, the high total expenditures highlight the need for structural reforms to ensure long-term fiscal sustainability, according to Al-Jarida daily. Oil revenues are forecasted to decline due to lower crude prices, offset by growth in non-oil rev…
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