image description
image description
Tell A Friend

FinancialNews


  • 11-04-10

    Kuwait posts $20.8b budget surplus in 2009-10

    (MENAFN) Alshall Economic report said that the state budget of Kuwait for the financial year (2009-2010) ending April 7, 2010, secured a surplus of $20.76 billion, Kuwait Times reported. By the end of February 2010, actual oil revenues reached $52.5 billion with the total oil revenues of the year hitting $57.4 billion. Actual non-oil revenues amounted to $3.8 billion which pushed the total state revenues to $61.2 billion, the report said. Kuwait's total expenditure did not exceed $40.13 billion as the government managed to save 4 percent of the state funds without using the appropriations for the social security. The average price of Kuwait crude oil in FY 2009-2010 hit $68.6 a barrel which is higher by $33.6 or 96 percent than the initially projected price.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved