Government Spending in Kuwait increased to 10429 KWD Million in 2019 from 9623.50 KWD Million in 2018. source: Central Bank of Kuwait

Government Spending in Kuwait averaged 2988.13 KWD Million from 1964 until 2019, reaching an all time high of 10429 KWD Million in 2019 and a record low of 102 KWD Million in 1964. This page provides - Kuwait Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kuwait Government Spending - values, historical data and charts - was last updated on December of 2021.

Government Spending in Kuwait is expected to reach 11472.00 KWD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kuwait Government Spending is projected to trend around 12045.00 KWD Million in 2022 and 12359.00 KWD Million in 2023, according to our econometric models.

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Kuwait Government Spending

Related Last Previous Unit Reference
Government Budget -9.40 4.40 percent of GDP Dec/20
Government Budget Value -431.90 86.00 KWD Million Dec/15
Government Spending 10429.00 9623.50 KWD Million Dec/19
Government Revenues 961.00 996.70 KWD Million Dec/15
Fiscal Expenditure 1392.90 910.70 KWD Million Dec/15
Kuwait Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.