Kuwait’s budget surplus in the first half of fiscal 2013-14 (April-September 2013) fell 21.7% to KD6.766bn ($23.9bn), after allocation to the Reserve Fund for Future Generations (RFFG), from KD8.645bn ($30.6bn) in the corresponding period a year earlier, according to figures issued by the Kuwaiti Finance Ministry in its latest bulletin.
For April-September 2013 revenue was KD15.822bn ($56bn) and expenditure KD5.101bn ($18,1bn), resulting in a budget surplus of KD10.721bn ($37.9bn) before the mandatory allocation to the RFFG of 25% of total revenue. (CONTINUED - 407 WORDS)
