Middle East Economic Survey

VOL. XLVII

No 51/52

20/27-December-2004

BUDGETS AND REVENUES

Al-Shall Warns That Current Kuwait Spending Requires $29/B Oil Price

Kuwaits public expenditure program under its current budget, standing at KD6.3bn ($21.4bn), requires the countrys crude to fetch a price of at least $29/B, with production running at around 2.2mn b/d, Al-Shall Weekly Economic Report said in its 11 December issue. This level of expenditure, the report said, required a funding level of around...