gulfnews : Kuwait budget surplus shrinks to 5.28b dinars

Opec member Kuwait posted a budget surplus of 5.28 billion dinars (Dh71 billion) in the 2010-11 fiscal year, down 38 per cent from the preliminary figure, finance ministry data showed Thursday.

Revenues reached 21.5 billion dinars, with oil revenues contributing 19.9 billion dinars, while spending amounted to 16.2 billion dinars in the fiscal year which ended in March, the data showed.

In May, the country posted a preliminary budget surplus of 8.5 billion dinars, or 23.1 per cent of Kuwait's gross domestic product, above market expectations and the 6.4 billion seen in the previous fiscal year.

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