VOL. XLVI

No 32

11-August-2003

KUWAIT

ENERGY FINANCE

Kuwait 2003 Budget Oil Price Unchanged From Previous Year

The Kuwaiti government has left its forecast oil price for the 2003-04 budget (which runs from 1 April-31 March) unchanged from the previous two years at $15/B. As a result, the government is forecasting a budget deficit of KD2,625mn ($1=KD0.299) for fiscal year 2003-04, with total expenditure at KD5,824mn and total revenue at KD3,555mn.

Crude Oil Export Prices for Selected Oil-Producing...