7.32 PM Friday, 19 July 2024
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 04:12 05:36 12:28 15:51 19:14 20:37
19 July 2024

Kuwait raises budget surplus forecast to KD6bn

By Staff Writer




Kuwait  has raised its 2007-08 budget surplus forecast to more than KD6 billion (Dh80bn) due to massive oil revenues and lower expenses, latest data show. Kuwait is expecting a surplus of around KD6.3bn (Dh84bn) after eight months of its fiscal year to March.
Kuwait in November predicted a surplus of KD5.4bn (Dh72bn) based on the first seven months of its fiscal year.