Name: 938148500 / News Footage / Jan 26, 2015
Uploaded: 2015-01-26
Channel: AFP
Description: Kuwait projects $24 bn deficit despite spending cuts Kuwait on Monday projected a $24-billion deficit in its new fiscal year budget despite a massive spending cut due to plunging oil prices. Revenues for 2015-2016 are projected at $41.1 billion, 43.6 percent down from estimates in the current year, Finance Minister Anas al-Saleh said. IMAGES AND SOUNDBITES

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938148500 / News Footage / Jan 26, 2015

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Kuwait projects $24 bn deficit despite spending cuts Kuwait on Monday projected a $24-billion deficit in its new fiscal year budget despite a massive spending cut due to plunging oil prices. Revenues for 2015-2016 are projected at $41.1 billion, 43.6 percent down from estimates in the current year, Finance Minister Anas al-Saleh said. IMAGES AND SOUNDBITES