Kuwait could post $53.4bn budget surplus

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05-May-2013

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According to National Bank of Kuwait (NBK), Kuwait could post a budget surplus of as high as KD15.2bn ($53.4bn) for the fiscal year that ended March 31 based on spending between 10 percent and 20 percent lower than forecast. Oil-rich Kuwait posted a budget surplus of KWD13.2bn in the 2011-2012 on the back of rising oil prices.

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