Middle East Economic Survey
VOL. LIV
No 39
26-Sep-2011
KUWAIT
Kuwait Closes 2010-11 Budget With $19Bn Surplus
Kuwait closed its fiscal year 2010-11 (1 April 2010-31 March 2011) with a remarkable surplus of KD5.3bn ($19.20bn) before the transfer to the Reserve Fund for Future Generations (RFFG), noted the National Bank of Kuwait (NBK) in its Economic Brief of 20 September. The surplus came despite a 44% annual increase in spending, thanks to higher oil prices and revenues, said the bank. NBK...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!