Middle East Economic Survey

VOL. L

No 8

19-Feb-2007

KUWAIT

NBK Forecasts $14.5-17.3Bn Budget Surplus For 2006-07

National Bank of Kuwait (NBK) said in its 22 January Economic Brief that despite a wide range for possible oil price movements, the average Kuwait export crude (KEC) price is expected to stay between $56/B and $57.9/B during fiscal 2006-07 (ending in March 2007). As such the governments budget revenues would reach KD 14.715.3bn versus government projections of KD8.52bn (KD1=$3.459). The...