Stay updated with breaking news from Budget Update 1. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Kuwait's draft budget for 2023-2024 estimates a deficit of 6.8 billion dinars ($22.2 billion), hit by lower oil prices and volumes, a local paper reported, citing a member of parliament.
The Nigerian government expects the country to produce 1.88 million barrels per day of crude oil in 2022 and will use a benchmark oil price of $57 per barrel for its budget planning, according to a document approved by the Senate on Wednesday.
* Has ramped up spending on key voting groups (Adds detail, comments)
Russia's federal budget could get a boost of more than 2 trillion roubles ($27 billion) from additional oil and gas revenues this year if oil prices and the rouble exchange rate remain at current levels, the finance ministry said on Thursday.