World Economy

Kuwait Budget Surplus

Kuwait Budget SurplusKuwait Budget Surplus

Data released by the Ministry of Finance showed a realized budget surplus of Kuwaiti Dinar12.9b in fiscal year 2013/2014, which is higher by about 1.6% compared to the KWD12.7b surplus realized in the preceding fiscal year, Business Intelligence reported Friday. This is the 15th actual surplus in a row and the second highest absolute number. Total actual expenditure in the fiscal year 2013/2014 was at KWD18.9b, showing savings of about KWD2.1b or 10% of the allocated budget for expenditures of KWD21.0b. Furthermore, there was a significant amount of saving in the construction projects, maintenance and public acquisitions expenses.