Middle East Economic Survey

VOL. LII

No 39

28-Sep-2009

KUWAIT

Kuwait Budget Surplus Could Reach KD6bn In FY2009-10, Says NBK

Prospects for the Kuwaiti governments budget balance this year are looking increasingly secure, the National Bank of Kuwait (NBK) said in its latest economic brief. The bank estimates that the government will end up with a budget surplus of between KD1.1bn ($3.8bn) and KD6.2bn ($21.7bn), before allocation of 10% of total revenues to the Reserve Fund for Future Generations...