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FINANCIAL NEWS
Kuwait’s total revenues rise 42.9% in 10 months
26 Feb 2012
(MENAFN) An economic report issued by Al Shall Economic Consultants said that Kuwait achieved 42.9 percent increase in total revenues in the first 10 months of the current fiscal year 2011/2012, state-run news agency KUNA reported.
According to the report, Kuwait state made USD87.14 billion revenues in the period, up from USD60.96 billion a year earlier.
The report, based on the Ministry of Finance report, said the achieved figure was 79.8 percent higher than the USD48.47 billion previously expected for the period compared.
Estimated oil revenues rose to USD82.32 billion, a 85.5 percent higher than the estimated oil revenues for the entire current fiscal year in the amount of USD44.37 billion, thanks to the rise in oil prices and output. The oil revenue represented 94.5 percent of total revenues.
Non-oil sector made USD4.1 billion revenues for the entire current fiscal year.
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