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Mon 21 Feb 2011 03:19 PM

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Kuwait preliminary budget surplus is $28bn in 10 months

State income was KD16.91bn and spending KD9.12bn, financy ministry data shows

Kuwait preliminary budget surplus is $28bn in 10 months
BUDGET SURPLUS: Kuwait had a preliminary budget surplus of KD7.8bn ($28bn) in the first 10 months of the current fiscal year ending March 31

Kuwait had a preliminary
budget surplus of KD7.8bn ($28bn) in the first 10 months of the current fiscal
year ending March 31, the Finance Ministry said.

State income was KD16.91bn and
spending KD9.12bn, according to data posted on the ministry’s website on Monday.

By
law, 10 percent of revenue is saved in the Reserve Fund for Future Generations.
Oil revenue was KD15.79bn in the same period, the data showed.