Government budget balance reached -0.441 in 1998 in Kuwait, according to the National Statistical Office. This is 199 % less than in the previous year.
Historically, government budget balance in Kuwait reached an all time high of 0.444 in 1997 and an all time low of -6.38 in 1991. When compared to Kuwait's main peers, government budget balance in Bahrain amounted to -0.141 and -18,878 in Iran in 1998.
Kuwait has been ranked 37th within the group of 100 countries we follow in terms of government budget balance.
A government budget deficit is the amount by which government revenues fall short of government spending (the opposite being a budget surplus).