Middle East Economic Survey

VOL. LIII

No 36

6-Sep-2010

KUWAIT

Kuwait Realizes Budget Surplus Of $16Bn In 2009-10

Kuwait has ended its fiscal year 2009-10, which starts on 1 April, with an actual budget surplus of KD4.668bn ($16.23bn) after allocation of 10% of total revenue to the Reserve Fund for Future Generations (RFFG), according to the closed accounts published by the Kuwaiti Ministry of Finance. Last May the surplus for the year was provisionally calculated by the ministry at KD6.386bn...