Kuwait appreciates a barrel of oil coming budget by about $ 25 1/26/2016
Kuwait appreciates a barrel of oil coming budget by about $ 25
1/26/2016 0 Comments
Anas Saleh, Minister of Finance and Acting Minister of Oil in the Kuwaiti government said on Tuesday that "the next budget for the year 2016-2017 will depend on the estimate of $ 25 to the price of a barrel of Kuwaiti oil."
And it dropped the price of a barrel of Kuwaiti oil to around $ 19 last week before rebounding in the last two days.
The Kuwaiti minister, who was speaking to reporters on the sidelines of an oil conference further details and did not give, but said, "The Parliament will discuss on the ninth of February next session studies prepared by the government to rationalize spending."
Kuwait depends on the OPEC member's oil revenues to finance about 90 percent of the general budget and has been severely damaged due to the sharp drop in oil prices, ".