KUWAIT CITY, Aug 11: The Council of Ministers has recently issued three important decrees-law linking the budgets of three key government agencies to the fiscal year 2024/2025. These decrees, published in the latest issue of the Official Gazette, provide a detailed overview of the financial status for the upcoming fiscal year.

The three agencies are – the Public Institution for Social Security with projected revenues of 6 billion, 696 million, and 20 thousand dinars, and expenditures amounting to 4 billion, 975 million, and 275 thousand dinars; KUNA with estimated revenues of 404 thousand dinars, with expenditures at 14 million, 398 thousand dinars and the Kuwait Fund for Arab Economic Development with expected revenues of 218 million, 736 thousand dinars, and expenditures totaling 28 million, 730 thousand dinars. Moreover, the Council of Ministers has approved 38 decrees concerning the final accounts for 38 government entities for the fiscal year 2023/2024.

This approval, also published in the Kuwait Alyawm newspaper, highlights that these entities achieved total revenues of 10.687 billion dinars, while their expenditures amounted to 7.235 billion dinars. This resulted in a significant surplus of 3.452 billion dinars. The government entities covered in this approval include Central Bank of Kuwait, Kuwait Credit Bank, National Fund for Small and Medium Enterprises Development, PART, KUNA, KISR, PAHW, Kuwait Anti- Doping Agency, CITRA, IRU, KFAED and KPA and several others. It achieved a surplus of 3.4 billion dinars and its total expenditures amounted to 7.2 billion at the end of the last fiscal year.

By Inaas Awadh
Al-Seyassah/Arab Times Staff