Kuwait raises budget surplus forecast to KD6bn

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.