Middle East Economic Survey

VOL. LII

No 34

24-Aug-2009

KUWAIT

Kuwait Revises Downward Its Budget Surplus for 2008-09 To $2.2Bn

Kuwait has revised its closed accounts for fiscal year 2008-09 by showing a drastic reduction in the actual budget surplus from the one announced last April of KD3,978mn ($13,820mn) after allocation to the Reserve Fund for Future Generations (RFFG) and KD6,092mn ($21,164mn) before allocation to the RFFG (MEES, 27 April). According to the revised figures, published last...