Kuwait's Finance Minister Anas Al-Saleh said on Tuesday that he expected the price of oil for the 2016/17 budget to be set at around $25 a barrel.

Some 90 percent of the Opec country's state revenues come from oil, prompting the emir to call for measures to cut state expenditures.

Kuwaiti oil prices dropped to around $19.50 a barrel on January 21, but have since rebounded and stood around $22.60 on Monday.

Asked if a $25 a barrel would be the price for oil in the 2016-17 budget, Al-Saleh told journalists: "Around this (figure)."

Speaking on the sidelines of an oil conference in Kuwait, Al-Saleh also said that parliament would discuss studies prepared by the government on how to "ration spending" at a meeting on February 9, but gave no further details.

Kuwait's parliament last July approved a state budget for the current fiscal year, which runs to end-March 2016, envisaging a deficit of KD8.18 billion ($27 billion) - nearly half of total spending - because of low oil prices.

The budget for the year that began on April 1, 2015, featured spending of KD19.17 billion and revenues of KD12.2 billion, assuming an average oil price of $45 a barrel during the year. - Reuters