Kuwait sees huge budget surplus | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.:
"Kuwait is expecting a budget surplus between KD12 billion ($42.4 billion) and KD14 billion in the 2013-2014 financial year.
The expectation hinges largely on the oil price fluctuating between $104 and $106 barrels-per-day (bpd) during the year.
The KD13 billion surplus recorded last year, according to published reports, adds to the positive outlook.
Citing a report from National Bank of Kuwait (NBK), Tradearabia.com said the crude oil prices fell back through September, reversing the gains made in August, partly driven by geopolitical events, including the receding prospect of US military intervention in Syria. "
'via Blog this'
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