Bloomberg News

Kuwait Has 8.2 Billion-Dinar Budget Surplus in First 5 Months

October 06, 2011

Oct. 6 (Bloomberg) -- Kuwait had a preliminary budget surplus of 8.2 billion dinars ($29.6 billion) in the first five months of the fiscal year ending March 31, the Finance Ministry said.

Income was 11.89 billion dinars and spending 3.74 billion dinars, according to data posted on the ministry’s website today. By law, 10 percent of revenue is saved in the Reserve Fund for Future Generations. Oil revenue was 11.34 billion dinars in the same period, the data showed.

To contact the reporter on this story: Fiona MacDonald in Kuwait at fmacdonald4@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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