Middle East Economic Survey

VOL. XLVIII

No 35

29-August-2005

KUWAIT

Kuwait Realizes Big Budget Surplus In 2004-05

Kuwait had an actual budget surplus of KD2,646mn ($9,065mn $1 = KD0.292) in 2004-05, according to the closed accounts which were discussed by the cabinet last week, prior to their submission to parliament. Finance Minister Badr al-Humaidhi announced that actual total revenue stood at KD8,962mn and actual total expenditure at KD6,315m, with the resulting surplus allocated in the amount...