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...
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