Middle East Economic Survey

VOL. L

No 28

9-July-2007

KUWAIT

KPCs 2007-08 Budget Envisages $36Bn In Revenue

Kuwaits National Assembly on 4 July approved the draft law for the Kuwait Petroleum Corporations (KPC) 2007-08 budget, affiliated to the state budget, Kuwait News Agency (KUNA) reported. Revenue was estimated at KD10.366bn ($36bn), expenditure at KD9.266bn ($32bn), leaving a net profit of KD1.1bn ($4bn). MPs also endorsed the recommendations of the assemblys Budgets and Final Accounts...