Kuwait posts huge budget surplus
Kuwait registered a preliminary budget surplus of $25.1 billion in the first nine months of the fiscal year despite a huge increase in spending, official figures indicated Thursday.
Actual spending up until the end of December amounted to $28.9 billion, less than half of the projected $58.3 billion for the year, according to figures posted on the finance ministry website. Kuwait's fiscal year starts on April 1 and ends on March 31.
Revenues in the nine months reached $54 billion dollars, up 55.6 percent on budget figure for the whole year, and 17 percent higher than the actual income of $46.1 billion earned in the first nine months last fiscal year.