Kuwait posts budget surplus of $28bn

Discussion in 'Wall St. News' started by ASusilovic, May 25, 2010.

  1. rom Arabnews.com: Kuwait swung to a budget surplus of 8.18 billion dinars ($28.21 billion) in the 2009/10 fiscal. The Gulf state invests 10 percent of its revenues in a fund for future generations, which is managed by the OPEC producer’s sovereign wealth fund. After the payment, the budget surplus amounted to 6.39 billion dinars, according to the data.
    The world’s fourth-largest oil exporter and OPEC member is seen booking the largest fiscal surplus in the Gulf this year as oil prices stay well above its budget assumption of $43 a barrel……


    At least one sovereign with a budget SURPLUS... :D
  2. They have a surplus because they're so dreadfully cheap. Ever been in their airport? Worst airport on the planet.
  3. GS will start piling into the $43/barrel puts! :eek: :( :D