VOL. XLVII

No 21

24-May-2004

KUWAIT

BUDGETS AND REVENUES

Kuwait Budget Surplus Climbing To KD1.46Bn In 2003-04

National Bank of Kuwait (NBK) said in its latest Economic Brief that preliminary government budget figures for fiscal year 2003-04 (which closed on 31 March) suggest that the budget surplus has increased to KD1.46bn (before the allocation of 10% of revenues to the Reserve Fund for Future Generations RFFG) from the previous years KD1.29bn ($1=KD0.29) surplus. The 2003-04 budget projection...