Kuwait’s Fiscal Year 2023-2024 Expenditure Breakdown
MOF has released a detailed report on government spending across for the first ten months of the fiscal year 2023-2024.
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The Kuwaiti Ministry of Finance has provided a comprehensive breakdown of governmental expenditures across various sectors for the fiscal year 2023-2024, focusing on the initial ten months.
This report highlights Kuwait‘s deliberate investments in crucial areas, aimed at improving living standards and fostering sustainable growth throughout the country. The detailed analysis of fund allocation is as follows:
– Education: The total expenditure on education amounted to approximately 2.3 billion dinars, with the majority, 894 million dinars, going towards pre-primary and primary education. Secondary education received 825 million dinars, higher education was allocated 293 million dinars, and research and development in education saw about 155 thousand dinars.
– Health: Spending in the health sector reached 2.1 billion dinars, predominantly for hospital services at about 1.9 billion dinars. Medical equipment and products were allocated 62 million dinars, and research and development in health received around 229 thousand dinars.
– Housing and Community Facilities: This category saw expenditures totaling around 3.05 billion dinars, funding housing development, water supply, street lighting, and other utilities.
– Economic Affairs: The total expenditure for economic affairs stood at 2.08 billion dinars, with 350 million dinars dedicated to transportation and roughly 1.1 billion dinars for fuel and energy. Additional funds covered communications, mining, agriculture, and fishing.
– Public Order and Safety Affairs: The sector received about 1.3 billion dinars, with the majority, approximately 1.04 billion dinars, for police services. Courts received about 277 million dinars, with the remainder for prisons and related services.
– Religion, Culture, and Entertainment: Approximately 367 million dinars were allocated for these services, with religious services receiving about 197 million dinars, and radio and publishing services getting 132 million dinars.
– Social Protection: Expenditure on services related to old age, family and children, housing, and social exclusion amounted to about 334 million dinars by the end of January.