Middle East Economic Survey
VOL. XLIX
No 4
23-January-2006
KUWAIT
NBK Sees Kuwaits Hefty 2005-06 Budget Surplus Reduced in 2006-07
National Bank of Kuwait (NBK) forecast in its January 7 Economic Brief that Kuwaits budget surplus for 2005-06 (ending March 31 2006) would range between KD6.1bn ($1=KD0.29) and KD6.6bn before the allocation of 10% of revenues to the Reserve Fund for Future Generations (RFFG). NBKs base case scenario, where Kuwait Export Crude (KEC) averages $49.6/B during the period...
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