Middle East Economic Survey

VOL. LIV

No 5

31-Jan-2011

KUWAIT

Kuwaits 2011-12 Draft Budget Projects Higher Revenue And Lower Deficit

The Kuwaiti draft budget for 2011-12, which starts on 1 April, is projecting total revenue of KD13,445mn ($48,133mn), up 38.3% over the previous year, Kuwaits Minister of Finance Mustafa al-Shimali announced on 24 January, following approval of the budget by the cabinet. Total expenditure is estimated at KD17,932mn ($64,197mn), up 9.9%, with a resulting deficit...