Kuwait Scrambles for Relief As Oil Income Dwindles

Kuwait’s 2020/21 budget has projected a KWD 9.2 billion (US$30 billion) deficit.
It is the sixth year of enormous deficits due to production curbs and OPEC+ deals.
The government is trying to fill the gap from the state reserve fund.
This is due to financing the deficit, the National Assembly has refused to approve a public debt law.
The first shipment of Al Khafji crude oil from PNZ joint operations has been exported.
Kuwait is increasing the difficulty for SAC in obtaining work permits to...