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Kuwaiti budget posts KD1.15 billion surplus in the first half of FY01/02.

Asia Africa Intelligence Wire

| January 01, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

According to the latest economic brief published by National Bank of Kuwait, the fiscal accounts of the State of Kuwait saw a KD 1.15 billion surplus during the first six months of the current fiscal year 2001/02, compared to a projected deficit in the budget of KD 721 million. However, the surplus is significantly lower than the KD 1.93 billion realized over the same period a year ago. Behind this is a clear ...

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