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Kuwait finance minister calls for reforms despite rebound in oil prices
March 11, 2021
Source: Reuters

Kuwait finance minister calls for reforms despite rebound in oil prices

KUWAIT (Reuters) - Kuwait’s finance minister said on Wednesday that an increase in oil revenues due to higher crude prices would not cover the Gulf state’s budget obligations and he called for radical economic reforms.Kuwait’s budget would need oil prices of $90 per barrel to eliminate its deficit, the minister, Khalifa Hamada, said in a statement.

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