Kuwait Receives Provisional Budget Surplus Due to High Oil Prices
Posted on 03/27/2013
According to Kuwait’s Ministry of Finance, the country posted a record provisional budget surplus of 17.2 billion KWD in the initial 10 months of the fiscal year. The surplus is heavily attributed to high oil prices. Oil revenues increased 11.6% from last fiscal year. Oil earnings make up 94% of total revenues. Under Kuwaiti law, […]
