Key Points
- Kuwait's borrowing has increased
- Public spending has been restricted
- Decline in oil export revenue
By the Numbers
$7 billion$825 million$6 billion
Kuwait has decided to restrict public spending due to a decline in oil export revenue. The country borrowed $7 billion in the last week, the highest weekly bond issuance since the debt law was passed in 2025.
The Central Bank of Kuwait sold $825 million in bonds to local banks. The day before, it issued $6 billion in sovereign bonds to global investors.
Kuwait's budget deficit has nearly quadrupled due to low oil revenues, the largest budget deficit since the Covid-19 pandemic.
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Frequently Asked Questions
- Why has Kuwait's borrowing increased?
- Due to a decline in oil export revenue
- How have Kuwait's public spending been affected?
- Public spending has been restricted
- How has Kuwait's budget deficit been affected?
- The budget deficit has nearly quadrupled
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- Ertnews·