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...
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