Middle East Economic Survey

VOL. LII

No 47

23-Nov-2009

KUWAIT

NBK Says Kuwait On Track For $14Bn Budget Surplus

Kuwait is on track to record a budget surplus of at least KD4bn ($14.02bn) in 2009, compared to the KD4bn deficit earlier projected by the government, the National Bank of Kuwait (NBK) reports. The bank previously estimated a surplus of KD4.7-6.4bn ($16.4-22.4bn MEES, 16 November). Overall, higher revenues and spending have produced a KD5bn ($17.5bn) surplus in the first six months of...