The 5bn dinar deficit would be before the transfer of 10% of revenues to Kuwait's sovereign wealth fund.
The budget deficit for the current fiscal year, which ends on March 31, 2018, was estimated at 6.556bn dinars before the 10% deposit into the sovereign wealth fund, according to a calculation by Reuters.
Hajraf said that subsidies are projected at 3.432bn dinars of the budget.
The budget for the current fiscal year was estimated based on an oil price of $45.
Oil revenues are expected to reach 13.3bn dinars, up from 11.7bn dinars a year ago. Non-oil income is projected to remain almost flat at 1.6bn dinars.

Last updated: January 29 2018 08:17 PM