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FINANCIAL NEWS
Kuwait records $20.b budget surplus in 2009
04 Apr 2010
(MENAFN) Kuwait’s Finance Minister said that the government posted a budget surplus of $20.68 billion in 2009, with 94 percent of the income coming from oil, Kuwait Times reported.
Finance minister Mustafa Al-Shamali is scheduled to review the 2009/2010 budget during the weekly cabinet meeting, including the value of revenues, expenses and surpluses.
In the meantime, the cabinet is set to launch the preliminary stages of the recently announced development plan, beginning by reviewing a report regarding the progress of work, reported Al-Watan.
The meeting will also feature discussion of all the legal and financial legislation that the parliament needs to adopt, while commerce minister Ahmad Al-Haroun is to present two reports, one regarding the measures taken to combat price increases and the other on the ministry’s adherence to the rules and regulations governing it.
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