With the price of crude hitting $100 per barrel, Kuwait appears to have no worries on the fiscal front. The same cannot be said, however, of its political firmament.
An estimated 94 per cent of revenues come from oil exports by the Organisation of Petroleum Exporting Countries' fifth-largest producer. The country produced 2.30 million barrels of oil a day on average last year, according to Bloomberg data.
Kuwait's oil revenue ratio is one of the highest among the six Gulf Cooperation Council nations, and is expected to result in a fiscal surplus upwards of $25 billion when the country takes fiscal stock of the financial year on March 31.
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