11 Apr 2010
(MENAFN) Alshall Economic report said that the state budget of Kuwait for the financial year (2009-2010) ending April 7, 2010, secured a surplus of $20.76 billion, Kuwait Times reported.
By the end of February 2010, actual oil revenues reached $52.5 billion with the total oil revenues of the year hitting $57.4 billion. Actual non-oil revenues amounted to $3.8 billion which pushed the total state revenues to $61.2 billion, the report said.
Kuwait’s total expenditure did not exceed $40.13 billion as the government managed to save 4 percent of the state funds without using the appropriations for the social security.
The average price of Kuwait crude oil in FY 2009-2010 hit $68.6 a barrel which is higher by $33.6 or 96 percent than the initially projected price.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more