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FINANCIAL NEWS
Kuwait budget surplus reached USD31b in Apr.-Sep.
12 Nov 2014
(MENAFN) Kuwait’s government budget surplus reached USD30.84 billion during the April-September period of this year due to a fall in expenditure, which was below the initial plan, Arabian Business reported.
During the April-September period, Kuwait’s public spending reached USD15.84 billion, below the originally planned spending of USD30.06 billion for the period, and equivalent to only 26 percent of the USD60.09 billion spending plan for the 2014/15 fiscal year.
Meanwhile, state revenue reached USD39.07 billion during the cited period, which is above the projected amount of the period, which was USD25.97 billion, while oil income reached USD36.76 billion.
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