24 Dec 2010
(MENAFN) Kuwait’s Ministry of Finance said that in the first eight months of the fiscal year ending March 31, the country had a preliminary budget surplus of $21.24 billion, Bloomberg reported.
According to ministry data, during the mentioned period, state income was at $46.5 billion and spending amounted to $25 billion.
Official data also showed that the country may post a budget surplus of as much as $18.9 billion for the current fiscal year since it was able to top government revenue forecasts for the whole year within the first six months.
The country’s largest commercial bank’s forecast revealed that the surplus will total between $12.1 billion and $18.9 billion.
Separately, Kuwait is the only Gulf Arab state to have dropped its currency’s peg to the dollar, giving it more control over monetary policy.
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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