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- $11.5bn non-oil revenue predicted
- New corporate taxes
- PMI remains positive
Kuwait expects its non-oil revenue to climb to an all-time high of more than $11 billion during its next fiscal year as it pushes ahead with plans to increase taxes and fees on government services.
The Kuwaiti finance ministry, which sent the 2026-2027 draft budget to the cabinet this week for approval, said non-hydrocarbon earnings are projected to rise nearly 19.6 percent compared with the current 2025-2026 fiscal year.
Budget details published…
