Middle East Economic Survey
Kuwait Adopts $36/B Oil Price For 2006-07 Draft Budget
Kuwait has adopted an oil price of $36/B for its draft 2006-07 budget (ending 31 March 2007), compared to the $21/B for the current 2005-06 budget and $15/B for the previous year. Kuwait is projecting a surplus of $4.1bn for 2006-07, with revenues put at $31.8bn while spending is estimated at $27.7bn, the head of the parliaments budget committee, Jamal al-'Umar, said. Oil...