Browse related articlesKuwait budget surplus tops $32bn
Kuwait: Thursday, April 03 - 2008 at 09:16
Kuwait is forecast to have posted a record budget surplus of 8.7 billion dinars (32.7bn) in the 2007/2008 fiscal year, reported AFP, citing a report by National Bank of Kuwait. The report estimated the oil-rich emirate has posted record revenues of 19.17 billion dinars ($72bn) in the year running from April 1 to March 31, up 130% on a budget projection of 8.3 billion dinars. The unprecedented high revenue and surplus is the result of record oil revenues, estimated by NBK at 18.15 billion dinars ($68.2bn), or just under 95% of total income.
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Jeff Florian, Senior ReporterThursday, April 03 - 2008 at 09:16 UAE local time (GMT+4)
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