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...