Kuwait's budget surplus reached 11.6 billion dinars ($41.6 billion) in the first eight months of its 2011-12 fiscal year, double than a year ago on higher than expected oil revenue and lower spending, finance ministry data showed on Tuesday.
The surplus accounted for 33 percent of the OPEC member's 2010 gross domestic product, according to Reuters calculations. It stood at 5.9 billion dinars in the same period a year ago.
Revenue of the world's sixth-largest oil exporter was 18.7 billion dinars in April-November, while spending came at 7.1 billion, a mere 36.6 percent of the full-year plan, the data posted on the finance ministry's website www.mof.gov.kw showed.
No comments:
Post a Comment