Kuwait-Mubasher: The interim budget of Kuwait reflected a marginal decline in total government spending until August due to a slight decrease in instant spending against a rise in capital spending.

Revenues retreated as oil prices have been falling since 2014, according to a report issued by NBK.

Kuwait’s government recorded a surplus of KWD 3.1 billion during the five months of the fiscal year.

Total spending scored KWD 4.2 billion until August, a drop of 6% compared to figures in the same period of 2014.

Capital spending amounted to KWD 0.4 billion during the period, soaring 35% on an annual basis.

Government revenues plunged 42% year-on-year to reach KWD 7.3 billion until August.

Budget surplus registered KWD 3.1 billion, the lowest level in ten years.