Middle East Economic Survey
NBK Projects Budget Surplus For Kuwait In FY2010-11
The National Bank of Kuwait (NBK) believes a budget surplus perhaps as large as KD6bn is more likely for Kuwait in FY2010-11 than the deficit of KD6.4bn ($22.3bn) projected by the government. After allocations to the Reserve Fund for Future Generations (RFFG), the government forecasts a deficit of KD7.55bn ($26.31bn MEES, 5 July). In the latest Economic Brief, published on 3 August,...