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FINANCIAL NEWS
Kuwait’s budget surplus falls 15 percent in 6 months
02 Jan 2014
(MENAFN) Kuwait’s budget surplus decreased 15 percent in the first half of the current fiscal year, according to Arab News.
Kuwait registered a drop in preliminary budget of about USD37.8 billion during the six months to the end of September compared to USD44.5 billion during the same period in 2012.
The sharp drop in surplus resulted from the significant 50-percent rise in spending.
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