161 million KD in profits for three government entities
Decrees were issued to approve the final accounts of nine government entities for 2025-2026, recording profits of nearly 161 million KD for profitable bodies and covering deficits for loss-making ones from the Ministry of Finance budget.
Translated by Qiyas from القبس — Original source
Ibrahim Muhammad: Nine laws were issued approving the final accounts of nine government entities for the fiscal year 2025–2026. According to figures published in the official newspaper "Kuwait Today," total amounts totaling approximately 160.9 million dinars from the operational results of the Public Authority for Communications and Information Technology, the Kuwait Ports Authority, and the Insurance Regulation Unit will be transferred to the State’s General Treasury. The remaining decrees stipulate the financing or covering of the differences between expenditures and revenues for the relevant entities. The results are as follows:
1. The Public Authority for Communications and Information Technology recorded revenues of approximately 139.4 million dinars against expenditures of about 24 million, resulting in a net increase in revenues over expenditures of approximately 115.4 million dinars. The decree stipulates that approximately 11.5 million dinars be transferred to the Authority’s reserve, representing 10% of net profits, while the remaining amount, totaling approximately 103.8 million dinars, will be transferred to the State’s General Treasury.
2. The Kuwait Ports Authority achieved net profits of approximately 52 million dinars for the past fiscal year, after its revenues reached approximately 95.4 million dinars against expenditures of about 43.4 million. The decree stipulates that the net profit be transferred to the State’s General Treasury, in accordance with the provisions of the law establishing the Authority.
3. The Insurance Regulation Unit recorded an increase in revenues over expenditures of approximately 5.5 million dinars, after its revenues reached approximately 8.8 million dinars against expenditures of about 3.3 million. The year’s surplus is distributed at approximately 556,000 dinars for the Unit, representing 10% of the total, while approximately 5 million dinars will be transferred to the State’s General Treasury.
4. The Public Authority for Housing Care recorded a net deficit of approximately 532.4 million dinars, after recording expenditures of about 552.3 million against revenues of approximately 19.9 million. The decree approving the final account stipulates that the Ministry of Finance shall cover this deficit.
5. The Public Authority for Food and Nutrition recorded expenditures of approximately 22.6 million dinars, while revenues reached approximately 6.7 million, resulting in expenditures exceeding revenues by approximately 15.9 million. This excess was covered from the budget of ministries and government departments, within the Ministry of Finance – General Accounts, for the same fiscal year.
6. The Public Authority for Youth recorded expenditures of approximately 12.2 million dinars against revenues of approximately 346,000 dinars, resulting in expenditures exceeding revenues by approximately 11.9 million. The decree stipulates that this excess be covered from the budget of ministries and government departments, within the Ministry of Finance – General Accounts.
7. The Direct Investment Promotion Authority recorded expenditures of approximately 8.6 million dinars against revenues of approximately 615,000, with expenditures exceeding revenues by approximately 8 million. This difference was covered from the budget of ministries and government departments, within the Ministry of Finance – General Accounts, for the fiscal year 2025–2026.
8. The Public Authority for Public-Private Partnership Projects recorded expenditures of approximately 3.4 million dinars, while revenues reached approximately 553,000, resulting in expenditures exceeding revenues by approximately 2.8 million. The decree stipulates that this excess be covered from the budget of ministries and government departments, within the Ministry of Finance – General Accounts.
9. The Kuwait Anti-Doping Agency reported that its actual expenditures amounted to approximately 1.7 million Kuwaiti dinars, against actual revenues of around 66,000 dinars. Funding provided from the budgets of ministries and government departments, under the General Accounts of the Ministry of Finance, totaled approximately 1.7 million dinars, covering the gap between expenditures and revenues.
