Middle East Economic Survey

VOL. LIII

No 12

22-March-2010

KUWAIT

NBK Sees Large Budget Surplus For Kuwait

Kuwait Export Crude (KEC) prices are expected average $69/B over financial year 2009-10, a 13% drop from the previous year but close to double the average price of $35/B anticipated in the budget, National Bank of Kuwait (NBK) said in an 8 March Economic Brief. As a result of rallying oil prices the budget surplus could become the second or third largest in the countrys history at 20% of GDP...