Middle East Economic Survey
VOL. LIII
No 12
22-March-2010
KUWAIT
Kuwait Projects Oil Revenue At Almost $30Bn In 2010-11 Budget
Kuwaits oil revenue in the draft budget for fiscal year 2010-11, which starts on 1 April, is projected to increase by 24.5% to KD8,616.6mn ($29,865mn) from KD6,922mn ($23,992mn) in 2009-10, according to a detailed statement on the budget by Kuwait Finance Minister Mustafa al-Shimali, posted on the ministrys website. The new budget is based on an oil price assumption of...
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