Following the suspension of its parliament, Kuwait’s acting Finance Minister, Subaih Al-Mukhaizeem, indicated that the government anticipates fewer bureaucratic delays and faster progress on infrastructure and economic diversification projects. He highlighted the non-oil sector’s 3.6% growth in 2024 and stressed that new fiscal measures—like the global minimum corporate tax and adjusted public service fees—are expected to bolster non-oil expansion, even as oil continues to dominate GDP and revenues. 

Source: Reuters