Thursday 28 August 2014
 
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budget surplus

Saudi on track to hit record budget surplus

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

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Oman's budget surplus widens to $2.55bn

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

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Kuwait boosts government spending by 18pc

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

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Kuwait 2014/15 budget spending to hit $58bn

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

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$42bn BONANZA: Huge Kuwait surplus likely

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.

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Kuwait budget surplus likely to hit $42.4bn

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

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Kuwait ‘could see a budget surplus of $28bn’

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

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Kuwait budget surplus may hit $52 billion

  Kuwait is likely to have recorded another massive surplus during the last financial year of up to KD15 billion ($52.8 billion) as the price of Kuwait Export Crude (KEC) averaged $107 per barrel fo

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Kuwait 10-month budget surplus at $60.5 billion

Kuwait had a budget surplus of 17.2 billion dinars ($60.5 billion) in the first ten months of its fiscal year, preliminary budget data showed on Wednesday, thanks to robust oil income and lower-than-expected public spending. The g

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Kuwait budget surplus to top $50bn in 2012-13

An oil price of between $101 and $118 per barrel in 2013-14 could generate a budget surplus for Kuwait of up to KD16 billion ($56 billion) next fiscal year, following a surplus of KD14 billion ($50.4 billion) in 2012-13, a report said.

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