Kuwait Consolidated Fiscal Balance
Key information about Kuwait Consolidated Fiscal Balance
- Kuwait Consolidated Fiscal Balance recorded a deficit equal to 3.440 USD bn in Dec 2024, compared with a deficit equal to 5.078 USD bn in the previous year.
- Kuwait Consolidated Fiscal Balance data is updated yearly, available from Dec 1988 to Dec 2024, with an average ratio of 17.977 USD bn.
- The data reached an all-time high of 47.966 USD bn in Dec 2011 and a record low of -35.254 USD bn in Dec 2020.
CEIC shifts year-end for annual Consolidated Fiscal Balance and converts it into USD. The Ministry of Finance - Kuwait provides Consolidated Fiscal Balance in local currency. Central Bank of Kuwait average market exchange rate is used for currency conversions. Consolidated Fiscal Balance is in annual frequency, ending in March of each year.
View Kuwait's Consolidated Fiscal Balance from 1988 to 2024 in the chart:
What was Kuwait's Consolidated Fiscal Balance in 2024?
Kuwait Consolidated Fiscal Balance recorded a deficit equal to 3.440 USD bn in Dec 2024, compared with a deficit equal to 5.078 USD bn in the previous year. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -3,440.015 2024 | -5,077.511 2023 | -35,254.149 2020 | 47,966.237 2011 | USD mn | yearly | 1988 - 2024 |
Consolidated Fiscal Balance by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (USD mn) | 595.080 Oct 2025 | monthly | Dec 1997 - Oct 2025 |
| Algeria (USD mn) | -5,868.518 2022 | yearly | 1997 - 2022 |
| Argentina (USD mn) | 359.919 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| Armenia (USD mn) | -391.457 Oct 2025 | monthly | Jan 2008 - Oct 2025 |
| Australia (USD mn) | -11,179.706 Jun 2025 | quarterly | Sep 2002 - Jun 2025 |
| Austria (USD mn) | -5,666.282 Jun 2025 | quarterly | Mar 2001 - Jun 2025 |
| Azerbaijan (USD mn) | 3,041.647 Oct 2025 | monthly | Dec 2004 - Oct 2025 |
| Bahrain (USD mn) | -2,201.763 2023 | yearly | 1990 - 2023 |
| Bangladesh (USD mn) | -4,724.587 Jun 2025 | monthly | Jul 2008 - Jun 2025 |
| Belarus (USD mn) | 404.854 Sep 2021 | quarterly | Dec 2005 - Sep 2021 |
| Belgium (USD mn) | -30,012.565 2024 | yearly | 1970 - 2024 |
| Bolivia (USD mn) | -5,230.120 2024 | yearly | 1990 - 2024 |
| Bosnia and Herzegovina (%) | 1.928 Jun 2025 | quarterly | Dec 2008 - Jun 2025 |
| Botswana (USD mn) | -48.449 Aug 2025 | monthly | Apr 2007 - Aug 2025 |
| Brazil (USD mn) | -8,618.669 Oct 2025 | monthly | Jan 1997 - Oct 2025 |
| Brunei (USD mn) | -2,030.104 2024 | yearly | 2000 - 2024 |
| Bulgaria (%) | -4.272 Sep 2025 | quarterly | Sep 2003 - Sep 2025 |
| Cambodia (USD mn) | -52.271 Jul 2024 | monthly | Jan 2007 - Jul 2024 |
| Canada (USD mn) | -3,630.909 Sep 2025 | monthly | May 1992 - Sep 2025 |
| Chile (USD mn) | -9,295.767 2024 | yearly | 1990 - 2024 |
| China (USD mn) | 68,160.112 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Colombia (USD mn) | -3,536.709 Mar 2025 | quarterly | Mar 1995 - Mar 2025 |
| Croatia (USD mn) | -963.223 Dec 2019 | quarterly | Mar 2015 - Dec 2019 |
| Cyprus (USD mn) | -148.326 Sep 2025 | monthly | Jan 2014 - Sep 2025 |
| Czech Republic (USD mn) | 375.401 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Denmark (USD mn) | 4,386.136 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Ecuador (USD mn) | 111.004 Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| Egypt (USD mn) | -13,919.903 Oct 2025 | monthly | Jan 2005 - Oct 2025 |
| Estonia (USD mn) | -25.753 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| European Union (USD mn) | -612,086.345 2024 | yearly | 1999 - 2024 |
| Finland (USD mn) | -1,195.774 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| France (USD mn) | -47,111.411 Sep 2025 | quarterly | Mar 1957 - Sep 2025 |
| Georgia (USD mn) | -13.144 Oct 2025 | monthly | Jan 2006 - Oct 2025 |
| Germany (USD mn) | -46,923.274 Sep 2025 | quarterly | Mar 1991 - Sep 2025 |
| Ghana (USD mn) | -386.239 Jul 2025 | monthly | Jan 2008 - Jul 2025 |
| Greece (USD mn) | 2,257.676 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Hong Kong SAR, China (USD mn) | 5,971.882 Oct 2025 | monthly | Oct 1998 - Oct 2025 |
| Hungary (USD mn) | 1,345.964 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Iceland (USD mn) | -187.573 Jun 2025 | quarterly | Mar 2002 - Jun 2025 |
| India (USD mn) | 28,519.132 Oct 2025 | monthly | Apr 1997 - Oct 2025 |
| Indonesia (USD mn) | -6,517.190 Oct 2025 | monthly | Jan 2014 - Oct 2025 |
| Iran (USD mn) | -13,054.476 Mar 2021 | quarterly | Jun 2005 - Mar 2021 |
| Ireland (USD mn) | 2,280.366 Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| Israel (USD mn) | -4,663.811 Oct 2025 | monthly | Jan 1999 - Oct 2025 |
| Italy (USD mn) | -47,273.468 Mar 2025 | quarterly | Mar 1999 - Mar 2025 |
| Ivory Coast (USD mn) | -3,452.972 2024 | yearly | 1960 - 2024 |
| Japan (USD mn) | -286,722.348 2024 | yearly | 1995 - 2024 |
| Jordan (USD mn) | 418.759 2018 | yearly | 1999 - 2018 |
| Kazakhstan (USD mn) | -1,832.183 Oct 2025 | monthly | Nov 2007 - Oct 2025 |
| Kenya (%) | -5.907 Jun 2025 | quarterly | Dec 2009 - Jun 2025 |
| South Korea (USD mn) | -7,001.194 Sep 2025 | monthly | Jul 1999 - Sep 2025 |
| Kosovo (USD mn) | 49.040 Oct 2023 | monthly | Jan 2006 - Oct 2023 |
| Kuwait (USD mn) | -3,440.015 2024 | yearly | 1988 - 2024 |
| Kyrgyzstan (USD mn) | 78.756 Oct 2025 | monthly | Jan 2007 - Oct 2025 |
| Laos (USD mn) | 375.970 2024 | yearly | 2010 - 2024 |
| Latvia (USD mn) | 282.710 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Lebanon (USD mn) | 405.307 Dec 2021 | monthly | Jan 1998 - Dec 2021 |
| Lithuania (USD mn) | 44.359 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Luxembourg (%) | 0.888 2024 | yearly | 1995 - 2024 |
| Macau SAR, China (%) | 7.879 Jun 2025 | quarterly | Dec 2003 - Jun 2025 |
| North Macedonia (USD mn) | -764.028 2024 | yearly | 2009 - 2024 |
| Malawi (USD mn) | -6.171 Oct 2025 | monthly | Oct 2005 - Oct 2025 |
| Malaysia (USD mn) | -27,060.208 2024 | yearly | 1970 - 2024 |
| Malta (USD mn) | -193.356 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Mauritius (%) | -9.315 Jun 2025 | quarterly | Dec 2010 - Jun 2025 |
| Mexico (USD mn) | -909.293 Oct 2025 | monthly | Jan 1977 - Oct 2025 |
| Moldova (USD mn) | -709.547 2024 | yearly | 1998 - 2024 |
| Mongolia (USD mn) | -72.316 Oct 2025 | monthly | Jan 2000 - Oct 2025 |
| Montenegro (USD mn) | -36.609 Oct 2025 | monthly | Jan 2012 - Oct 2025 |
| Morocco (USD mn) | -6,040.372 Oct 2025 | monthly | Jan 2000 - Oct 2025 |
| Mozambique (USD mn) | 388.757 Dec 2016 | quarterly | Mar 2002 - Dec 2016 |
| Myanmar (USD mn) | -5,489.382 2021 | yearly | 1980 - 2021 |
| Nepal (USD mn) | -1,365.374 Jun 2025 | quarterly | Mar 2017 - Jun 2025 |
| Netherlands (USD mn) | -8,346.627 Dec 2024 | quarterly | Mar 1999 - Dec 2024 |
| New Zealand (USD mn) | 5,756.479 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Nigeria (USD mn) | -1,902.660 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Norway (USD mn) | 16,884.009 Jun 2025 | quarterly | Mar 2002 - Jun 2025 |
| Oman (USD mn) | -130.039 Sep 2025 | monthly | Jun 2003 - Sep 2025 |
| Pakistan (USD mn) | -22,771.776 2024 | yearly | 1991 - 2024 |
| Palestinian Territory (USD mn) | 192.600 2024 | yearly | 2010 - 2024 |
| Panama (USD mn) | -6,416.100 2024 | yearly | 2003 - 2024 |
| Paraguay (USD mn) | -25.935 Oct 2025 | monthly | Jan 2003 - Oct 2025 |
| Peru (USD mn) | -3,777.337 Sep 2025 | quarterly | Mar 1990 - Sep 2025 |
| Philippines (USD mn) | 191.324 Oct 2025 | monthly | Jan 1985 - Oct 2025 |
| Poland (USD mn) | -59,417.037 2024 | yearly | 1995 - 2024 |
| Portugal (USD mn) | 1,601.362 Jun 2025 | quarterly | Mar 1995 - Jun 2025 |
| Qatar (USD mn) | -393.407 Sep 2025 | quarterly | Mar 2011 - Sep 2025 |
| Romania (%) | -8.552 Sep 2025 | quarterly | Dec 2004 - Sep 2025 |
| Russia (USD mn) | -1,467.289 Sep 2025 | monthly | Jan 1993 - Sep 2025 |
| Saudi Arabia (USD mn) | -30,833.284 2024 | yearly | 1969 - 2024 |
| Serbia (USD mn) | -111.155 Oct 2025 | monthly | Jan 2005 - Oct 2025 |
| Singapore (USD mn) | 926.421 Oct 2025 | monthly | Apr 2011 - Oct 2025 |
| Slovakia (USD mn) | -1,044.431 Oct 2025 | monthly | Jan 2005 - Oct 2025 |
| Slovenia (USD mn) | -59.281 Oct 2025 | monthly | Jan 2000 - Oct 2025 |
| South Africa (USD mn) | -2,074.545 Oct 2025 | monthly | Jan 1990 - Oct 2025 |
| Spain (USD mn) | -31,236.481 Jun 2025 | quarterly | Mar 1995 - Jun 2025 |
| Sri Lanka (%) | -5.966 Jun 2025 | quarterly | Dec 2014 - Jun 2025 |
| Sudan (USD mn) | -196.813 2021 | yearly | 2001 - 2021 |
| Sweden (USD mn) | -9,465.294 2024 | yearly | 1995 - 2024 |
| Switzerland (USD mn) | 5,132.176 2024 | yearly | 1990 - 2024 |
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Learn more about what we doKuwait Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -2.1 2024 | yearly | 1988 - 2024 |
| Consolidated Fiscal Balance (USD mn) | -3,440.015 2024 | yearly | 1988 - 2024 |
| Tax Revenue (USD mn) | 128.142 Dec 2015 | monthly | Sep 2003 - Dec 2015 |
| Tax Revenue: % of GDP (%) | 1.2 2024 | yearly | 1986 - 2024 |
| National Government Debt (USD mn) | 6,711.4 Oct 2025 | monthly | Dec 1993 - Oct 2025 |
| Government Debt: % of GDP (%) | 1.1 Jun 2025 | quarterly | Dec 2010 - Jun 2025 |
| Forecast: Government Expenditure (KWD bn) | 29.719 2030 | yearly | 1985 - 2030 |
| Forecast: Government Net Debt (KWD bn) | 14.274 2030 | yearly | 1991 - 2030 |
| Forecast: Government Revenue (KWD bn) | 44.112 2030 | yearly | 1985 - 2030 |
| Government Fiscal Balance: ytd (KWD mn) | -1,561.505 Mar 2024 | monthly | Apr 2018 - Mar 2024 |
| Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) | 550.910 Mar 2024 | monthly | Apr 2018 - Mar 2024 |
| Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) | 336.796 Sep 2024 | monthly | Apr 2018 - Sep 2024 |
| Government Revenue: ytd: Non Oil (KWD mn) | 2,116.770 Mar 2024 | monthly | Apr 2018 - Mar 2024 |
| Government Revenue: ytd (KWD mn) | 23,644.325 Mar 2024 | monthly | Apr 2018 - Mar 2024 |
| Government Expenditure: ytd: Current (KWD mn) | 9,630.195 Sep 2024 | monthly | Apr 2018 - Sep 2024 |
| Government Expenditure: ytd (KWD mn) | 9,966.991 Sep 2024 | monthly | Apr 2018 - Sep 2024 |
| Government Expenditure (KWD mn) | 18,245.900 2016 | yearly | 1989 - 2016 |
| Government Revenue (KWD mn) | 13,633.900 2016 | yearly | 1987 - 2016 |
| Government Revenue: Tax (KWD mn) | 486.000 2016 | yearly | 1987 - 2016 |
| Government Expenditure: Capital (KWD mn) | 226.000 2016 | yearly | 1989 - 2016 |
| Government Expenditure: Current (KWD mn) | 12,125.900 2016 | yearly | 1989 - 2016 |
| Government Surplus/Deficit (KWD mn) | -1,561.505 2024 | yearly | 1989 - 2024 |
| Public Debt (KWD mn) | 50.000 Jan 2025 | monthly | Dec 1993 - Jan 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.994 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 2,272.5 Jun 2025 | monthly | Jan 1993 - Jun 2025 |
| Total Exports (USD mn) | 5,364.9 Jun 2025 | monthly | Jan 1993 - Jun 2025 |
| Total Exports Growth (%) | -16.7 Jun 2025 | monthly | Jan 1994 - Jun 2025 |
| Aluminum: Exports (USD th) | 50,049.855 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 347,503.397 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 4,176.130 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 3,092.5 Jun 2025 | monthly | Jan 1992 - Jun 2025 |
| Total Imports Growth (%) | 6.6 Jun 2025 | monthly | Jan 1993 - Jun 2025 |
| Imports: Medicament (USD th) | 1,308,449.500 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 650,043.407 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 2.725 Aug 2025 | monthly | Sep 1991 - Aug 2025 |
| Total Imports from USA (USD mn) | 295.319 Jun 2025 | monthly | Jan 2017 - Jun 2025 |
| Total Exports to China (USD mn) | 52.486 Jun 2025 | monthly | Jan 2017 - Jun 2025 |
| Total Imports from China (USD mn) | 638.906 Jun 2025 | monthly | Jan 2017 - Jun 2025 |
| Trade Balance: Quarterly (KWD mn) | 2,789.603 Dec 2018 | quarterly | Mar 1973 - Dec 2018 |
| Exports: FOB: Growth Rate: YoY (%) | -18.295 Nov 2024 | monthly | Apr 2020 - Nov 2024 |
| Exports: SITC: Other Manufactured Articles (KWD mn) | 36.800 Sep 2018 | quarterly | Sep 2014 - Sep 2018 |
| Exports: SITC: Food and Live Animals (KWD mn) | 39.900 Sep 2018 | quarterly | Sep 2014 - Sep 2018 |
| Export Value Index (2015=100) | 116.639 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 102.988 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 2,137.8 Jun 2025 | quarterly | Mar 2012 - Jun 2025 |
| Current Account Balance (USD mn) | 8,094.0 Jun 2025 | quarterly | Mar 2012 - Jun 2025 |
| Current Account Balance: % of GDP (%) | 21.5 Jun 2025 | quarterly | Mar 2012 - Jun 2025 |
| Foreign Direct Investment (USD mn) | 172.9 Jun 2025 | quarterly | Mar 2012 - Jun 2025 |
| Foreign Direct Investment: % of GDP (%) | 0.5 Jun 2025 | quarterly | Mar 2012 - Jun 2025 |
| Foreign Portfolio Investment (USD mn) | 1,084.720 Jun 2025 | quarterly | Mar 2012 - Jun 2025 |
| Foreign Portfolio Investment: % of GDP (%) | 2.9 Jun 2025 | quarterly | Mar 2012 - Jun 2025 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 8.8 Jun 2025 | quarterly | Mar 2012 - Jun 2025 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 1,075.914 Jun 2025 | quarterly | Mar 2012 - Jun 2025 |
| External Debt (USD mn) | 72,069.1 Jun 2025 | quarterly | Mar 2018 - Jun 2025 |
| External Debt: % of GDP (%) | 41.5 2024 | yearly | 2014 - 2024 |
| Forecast: Current Account Balance (USD bn) | 26.022 2030 | yearly | 1980 - 2030 |
| Net International Investment Position (USD mn) | 116,734.177 2024 | yearly | 2001 - 2024 |
| BoP: CA: Secondary Income: Credit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: CA: Debit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: Capital Account: Debit (KWD mn) | 5.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Portfolio Investment: Liabilities (KWD mn) | 10.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Portfolio Investment: Assets (KWD mn) | -1,260.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: CA: Primary Income: Debit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: OT: Assets (KWD mn) | -2,795.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) | 448.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Other Investments (OT) (KWD mn) | -1,407.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: OT: Liabilities (KWD mn) | 1,389.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: Net Errors and Omissions (KWD mn) | 493.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Financial Derivatives: Liabilities (KWD mn) | 40.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Financial Derivatives: Assets (KWD mn) | -36.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Portfolio Investment: Liabilities: Debt Instruments (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.6 Sep 2025 | quarterly | Mar 2011 - Sep 2025 |
| Household Debt: % of GDP (%) | 0.9 Jun 2025 | quarterly | Dec 2010 - Jun 2025 |
| Money Supply M1 (USD mn) | 34,579.146 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Money Supply M2 (USD mn) | 137,467.671 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| M2 Growth (%) | 3.5 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Foreign Exchange Reserves (USD mn) | 34,670.8 Oct 2025 | monthly | Jan 1964 - Oct 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 26.539 Jun 2025 | quarterly | Dec 2010 - Jun 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 11.8 Jun 2025 | quarterly | Mar 1973 - Jun 2025 |
| Gold Reserves (USD mn) | 103.781 Oct 2025 | monthly | Dec 1961 - Oct 2025 |
| Total Deposits (USD mn) | 189,078.409 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Total Deposits Growth (%) | 8.2 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Domestic Credit (USD mn) | 154,670.8 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Domestic Credit Growth (%) | 16.7 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Household Debt (USD mn) | 1,660.2 Oct 2025 | monthly | Jan 2002 - Oct 2025 |
| Total Loans (USD mn) | 173,948.600 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Total Loans Growth (%) | 8.30 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Private Debt: % of Nominal GDP (%) | 103.67 Jun 2025 | quarterly | Dec 2010 - Jun 2025 |
| Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) | 1,633.400 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
| Money Supply: M3 (KWD mn) | 40,707.200 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
| Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) | 10,421.800 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
| Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) | 40,707.200 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
| Local Banks Time Deposits (KWD mn) | 66,591.400 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
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