Final Accounts Reveal Financial Disparities Among Nine Government Entities in 2025/2026

The Official Gazette, “Kuwait Today,” approved the final accounts of nine government entities for the fiscal year 2025/2026, pursuant to decrees-laws that revealed disparities in their financial results. Some entities recorded surpluses, with a portion allocated to reserves or transferred to the state’s general treasury, while others saw expenditures exceed revenues, necessitating coverage of the deficits from the general budget.

The final accounts covered the Direct Investment Promotion Authority, the Public Authority for Communications and Information Technology, the Public Authority for Housing Welfare, the Kuwait Ports Authority, the Insurance Regulatory Unit, the Public Authority for Food and Nutrition, the Public Authority for Youth, the Public-Private Partnership Projects Authority, and the Kuwait Anti-Doping Agency.

Housing Welfare and Food and Nutrition

Data from the Public Authority for Housing Welfare showed actual expenditures of approximately 552.37 million dinars during the fiscal year 2025/2026, compared to revenues of approximately 19.93 million dinars, resulting in a deficit of nearly 532.44 million dinars in favor of expenditures. Decree-Law No. 111 of 2026, concerning the approval of the final account of the Authority, stipulated that the Ministry of Finance would cover the difference, fixed at approximately 532.43 million dinars.

Similarly, expenditures of the Public Authority for Food and Nutrition reached approximately 22.63 million dinars, against revenues of 6.73 million dinars, resulting in an excess of expenditures over revenues of approximately 15.9 million dinars. Decree-Law No. 109 of 2026 mandated that this increase be covered from the budgets of ministries and government administrations for the same fiscal year.

Deficits in Direct Investment, Youth, and Partnership Accounts

The Direct Investment Promotion Authority recorded actual expenditures of approximately 8.64 million dinars, against revenues of 615.3 thousand dinars, resulting in a deficit of approximately 8.03 million dinars. According to Decree-Law No. 108 of 2026, this increase in expenditures is covered from the budgets allocated to ministries and government administrations for the fiscal year 2025/2026.

Expenditures of the Public Authority for Youth reached approximately 12.29 million dinars, against revenues of approximately 345.7 thousand dinars, recording an excess of expenditures over revenues of approximately 11.94 million dinars, which is covered from the general budget in accordance with Decree-Law No. 106 of 2026.

As for the Public-Private Partnership Projects Authority, it recorded expenditures of approximately 3.41 million dinars, against revenues of approximately 552.7 thousand dinars, resulting in a deficit of approximately 2.86 million dinars in favor of expenditures. Decree-Law No. 107 of 2026 stipulated that this difference be covered from the budgets of ministries and government administrations.

Regarding the Kuwait Anti-Doping Agency, its revenues amounted to approximately 65.8 thousand dinars, against expenditures nearing 1.8 million dinars. The funding provided from the budgets of ministries and government administrations to cover its expenditures totaled approximately 1.73 million dinars, according to Decree-Law No. 105 of 2026.

Communications and Ports Record Financial Surpluses

Among the entities that achieved surpluses, the Public Authority for Communications and Information Technology recorded revenues of approximately 139.47 million dinars, against expenditures of approximately 24.03 million dinars, resulting in a surplus of approximately 115.44 million dinars.

Decree-Law No. 113 of 2026 stipulated the transfer of approximately 11.54 million dinars, equivalent to 10% of net profits, to the Authority’s general reserve, and the transfer of the remaining amount, totaling approximately 103.9 million dinars, to the state’s general treasury.

The Kuwait Ports Authority achieved net profits of approximately 52.02 million dinars, with revenues of 95.48 million dinars and expenditures of approximately 43.46 million dinars.

The decree approving the final accounts stipulates the transfer of the entire net profit, amounting to approximately 52 million dinars, to the State’s General Treasury. Meanwhile, the Insurance Regulatory Unit recorded revenues of approximately 8.86 million dinars against expenditures of around 3.3 million dinars, resulting in a surplus of approximately 5.56 million dinars. According to Law Decree No. 110 of 2026, 555,700 dinars, equivalent to 10% of the fiscal year’s savings, are to be transferred to the Unit, while the remaining balance, amounting to approximately 5 million dinars, is to be transferred to the State’s General Treasury, in accordance with the provisions of Law No. 125 of 2019 concerning the regulation of insurance.