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
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.