Kuwait's government budget surplus totalled KD6.07 billion ($20.86 billion) in the first three months of this fiscal year as expenditure lagged far behind the initial plan, preliminary finance ministry figures showed on Wednesday.
Kuwait's budget surplus edged up to KD12.9 billion ($44.8 billion) in the fiscal year to last March as government spending fell, largely because of a drop in capital expenditure, finance ministry data showed.
The figures sugge
Saudi Arabia’s budget revenues are expected to reach a record SR1.17 trillion ($312 billion) this year, though elevated spending will keep the fiscal surplus below 5 per cent of GDP, a report said.
Saudi government spending
Oman's government budget surplus widened to RO988.6 million ($2.55 billion) during March against a surplus of RO 897.2 million during the same period last year, said a report.
The government's total general expenditure ros
Kuwait government's spending in the first nine months of the fiscal year 2013/14 surged 18 per cent to KD 9.6 billion ($34 billion) driven by current expenditures, said a report.
The public finance figures for the third quarte
As per the preliminary budget, Kuwait's spending for the next fiscal year is likely to hit KD21.9 billion ($57.7 billion) on an oil price of between $103 and $105 barrel per day (bpd), said a report.
Crude oil prices eased bac
An oil price of between $103 and $105 barrel per day (bpd) in the financial year 13/14 could generate a budget surplus of around KD12 billion ($42.3 billion) for Kuwait this fiscal year, equivalent to 24 per cent of GDP, said a report.
Kuwait could generate a budget surplus of around KD12 billion ($42.4 billion) in 2013/14 fiscal year on an oil price of between $103 and $105 barrel per day (bpd), said a report.
This is equivalent to around 24 per cent of GDP, ac
An oil price of between $94 and $100 per barrel in the financial year 2013/14 could generate a budget surplus for Kuwait of between KD8 ($28 billion) and KD11 billion this fiscal year, a report said.
Although the closing accounts