Report: Kuwait state revenues touch $61.9b

16 May 2010

(MENAFN) Al Shall Weekly Economic Report said that Kuwait’s financial year 2009-2010 revenues amounted to nearly $61.9 billion, 122 percent higher than the country’s estimated FY proceeds of $27.7 billion, Kuna reported.

However, these revenues are 15.2 percent lower than the level of actual revenues for the previous FY 2008-2009, which hit $72.5 billion, according to the report.

Kuwait’s actual oil earnings until March 31, 2010, amounted to $57.7 billion, up nearly 143.3 percent over the estimated oil revenues of $23.7 billion for the full FY, the report added.

Non-oil earnings reached KD 1.07 billion until March 31, while the estimated figure for the whole FY was $3.68 billion, the report showed. The figure is 6.4 percent lower than the estimated revenues of the budget.

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