Middle East Economic Survey

VOL. LIII

No 2

11-Jan-2010

KUWAIT

Kuwaits Actual Oil Revenue Over Eight Months Exceeds Years Projection By 52%

According to latest statistics from the Kuwaiti Ministry of Finance on actual revenue and expenditure from 1 April to 30 November 2009, the 2009-10 budget (starting on 1 April) has realized an actual surplus of KD5,208.4mn ($18,141mn) in the first eight months after allocation to the Reserve Fund for Future Generations (RFFG), and KD 6,325.7mn ($22,032mn) before...