Kuwait's state budget surplus for the fiscal year 2011-2012 is forecasted to be in the neighborhood of KD 9-10 billion, showed an economic report here Wednesday.
A Kuwaiti dinar is equal USD 3.58.
Since the beginning of the present FY eight months ago, total public spending has hit KD 7.1 billion, down 0.8 percent over the same period last year, according to the report, released by the National Bank of Kuwait (NBK).
Revenues have totaled KD 18.7 billion, up 42 percent on an annual basis, it said, ascribing the "marked" hike to surging oil prices and proceeds.
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