KUWAIT

 

Kuwait Eyes 2014 Surplus

 

In its 19 March Economic Update, the National Bank of Kuwait (NBK) projects a surplus of KD9.3bn ($22.0bn) for Kuwait’s 2014-15 draft budget before allocation of the mandatory 25% of budget revenue to the Reserve Fund for Future Generations (RFFG). Also for the current fiscal year 2013-14, ending on 31 March, the bank is projecting a higher surplus of KD11.4bn ($40.5bn) before the transfer to the RFFG.

NBK’s surplus figure for...