NBK Forecasts Surplus For Kuwait 2002-03 Budget
National Bank of Kuwait (NBK) forecasts that after reporting budget revenues of KD5bn ($1=KD0.30035) over the first 10 months of its 2002-03 fiscal year, Kuwait could post record budget revenues of KD6bn for its full fiscal year, which ends on 31 March. If expenditures are at budgeted levels of KD5.45bn, the government would see a KD638-657mn surplus before appropriating 10% of revenues for the Reserve Fund for...
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