Kuwait Government Budget

Kuwait recorded a Government Budget surplus equal to 28.93 percent of the country's Gross Domestic Product in 2013. Government Budget in Kuwait is reported by the Central Bank of Kuwait. Government Budget in Kuwait averaged 8.22 Percent of GDP from 1990 until 2013, reaching an all time high of 43.30 Percent of GDP in 2005 and a record low of -151.31 Percent of GDP in 1991. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Kuwait Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
28.93 34.06 43.30 -151.31 29.56 | 2014/06 1990 - 2013 Percent of GDP Yearly

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Kuwait Government Budget
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Budget Value -6066.30 2013-03-15 1542.90 2819.60 -6066.30 -1781.14 2014-06-30 KWD Million [+]
Government Spending 7775.40 2012-06-29 6626.40 7775.40 102.00 9633.23 2014-06-30 KWD Million [+]
Government Debt To GDP 5.28 2013-12-31 6.43 203.36 1.09 4.71 2014-06-30 Percent [+]
Government Budget 28.93 2013-12-31 34.06 43.30 -151.31 29.56 2014-06-30 Percent of GDP [+]
Credit Rating 90.00 [+]
[+]


Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


RELATED NEWS

Kuwait Inflation Rate at 3.00 Percent  
The inflation rate in Kuwait was recorded at 3 percent in March of 2014. Inflation Rate in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Population at 3.82 Million  
The total population in Kuwait was last recorded at 3.8 million people in 2012 from 0.3 million in 1960, changing 1369 percent during the last 50 years. Population in Kuwait is reported by the Kuwait Central Statistical Bureau.
Kuwait Government Debt To GDP at 5.28 Percent  
Kuwait recorded a Government Debt to GDP of 5.28 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Government Budget at 28.93 Percent of GDP  
Kuwait recorded a Government Budget surplus equal to 28.93 percent of the country's Gross Domestic Product in 2013. Government Budget in Kuwait is reported by the Central Bank of Kuwait.
Kuwait GDP Annual Growth Rate at 6.10 Percent  
The Gross Domestic Product (GDP) in Kuwait expanded 6.10 percent in 2012 from the previous year. GDP Annual Growth Rate in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Current Account to GDP at 38.80 Percent  
Kuwait recorded a Current Account surplus of 38.80 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Current Account at 5581.00 KWD Million  
Kuwait recorded a Current Account surplus of 5581 KWD Million in the third quarter of 2013. Current Account in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Producer Prices at 123.40 Index Points  
Producer Prices in Kuwait decreased to 123.40 Index Points in December of 2013 from 123.90 Index Points in November of 2013. Producer Prices in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Crude Oil Production at 2650.00 Thousands Barrels per Day  
Crude Oil Production in Kuwait remained unchanged at 2650 Thousands Barrels per Day in October of 2013 from 2650 Thousands Barrels per Day in September of 2013. Crude Oil Production in Kuwait is reported by the U.S. Energy Information Administration.
Kuwait Capital Flows at -9338.00 KWD Million  
Capital Flows in Kuwait decreased to -9338 KWD Million in 2010 from -7293 KWD Million in 2009. Capital Flows in Kuwait is reported by the Central Bank of Kuwait.
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