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Kuwait Has $47 Billion Preliminary Budget Surplus, Al-Shall Says

Kuwait posted a record budget surplus of 13.23 billion dinars ($47 billion) in the fiscal year that ended March 31, Al-Shall Economic Consultants reported, citing preliminary data from the Finance Ministry.

Revenue was 30.24 billion dinars, including oil revenue of 28.57 billion dinars, while spending was 17.01 billion dinars, Al-Shall said.

To contact the reporter on this story: Fiona MacDonald in Kuwait at fmacdonald4@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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