KUWAIT

Kuwait Realizes $47Bn Budget Surplus

Kuwait posted a record KD13.2bn ($46.7bn) budget surplus for the fiscal year ending March 31 earlier this month, due largely to a period of both increased oil production and higher oil revenues, Kuwait-based consultancy Al-Shall said, citing Finance Ministry figures. The OPEC member posted government revenues of KD30.2bn ($106.9bn) for the year – of which KD28.6bn ($101.2bn) was made up by oil income. This was more...