Kuwait posted a preliminary budget surplus of 7 billion dinars ($25 billion) in the first nine months of the fiscal year ending March 2011 as oil revenue exceeded forecasts, the Finance Ministry said.
Revenue was 15.13 billion dinars and spending was 8.09 billion dinars, according to data posted on the ministry’s website today. About 10 percent of revenue will be saved in the Reserve Fund for Future Generations.
Oil revenue was 14.12 billion dinars in the nine months to Dec. 31 while non-oil revenue was 1 billion dinars, the data showed.
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