Kuwait Secures Budget Surplus 3QFY2001-02 Says NBK, Non-Oil Income Rises
Defying reduced oil revenues and an increase in spending,Kuwait has secured a budgetary surplus of KD898mn ($2,925mn) in the first ninemonths (April through December 2001) of the fiscal year which ended on 31March, according to the latest estimates of the National Bank of Kuwait (NBK see Table below). In its 30 March, PublicFinance, 2001/02 Interim Results report, NBK explains that this was...
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