Kuwait is predicted to achieve a surplus worth KD 5.3 billion in its state budget for the current fiscal year, with revenues and expenditures estimated at KD 17.4 and KD 12.1 billion respectively, according to a recent economic report.
With December elapsing, three quarters of the 2009-2010 FY have come to a close while oil prices are still firm, with Kuwaiti oil prices having plummeted by USD 2.7 to USD 74.4 per barrel in December compared to November's USD 77.1 per barrel, Al Shall economic report said.
The average Kuwaiti oil price for 2009 hit USD 60.3 per barrel against USD 91.6 per barrel for 2008, down 34.2 percent, it added.
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