Kuwait’s government budget surplus stood at 14.7 billion dinars ($52 billion) in the first eight months of its fiscal year thanks to strong oil revenues, data from the Gulf country’s finance ministry showed.
The April-November surplus accounts for around 33.1 percent of the OPEC member’s 2011 gross domestic product, according to a Reuters calculation based on the latest official data.
A Reuters poll in September forecast Kuwait would record a budget surplus of 23.8 percent of GDP in fiscal year 2012/13, which began in April.
Kuwait 8-month budget surplus at $52 bln, spending low: finmin
No comments:
Post a Comment