Thursday 6 October 2011

Kuwait Has 8.2 Billion-Dinar Budget Surplus in First 5 Months - Businessweek

Kuwait had a preliminary budget surplus of 8.2 billion dinars ($29.6 billion) in the first five months of the fiscal year ending March 31, the Finance Ministry said.

Income was 11.89 billion dinars and spending 3.74 billion dinars, according to data posted on the ministry’s website today. By law, 10 percent of revenue is saved in the Reserve Fund for Future Generations. Oil revenue was 11.34 billion dinars in the same period, the data showed.

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