Kuwait Rolling in the Money

Kuwait appears well set for posting the largest fiscal revenue in more than 25 years on the back of high oil prices and a rise in production, a specialist report said.

The emirate is expected to finish the fiscal year that ended on March 31 with total revenues of 6.90 billion dinars (23 billion dollars), the largest since 1979, the independent Al-Shall Economic Consultants said.

Oil revenues are estimated at 6.17 billion dinars (20.6 billion dollars) up from budget projections of 2.97 billion dinars (9.9 billion dollars). Non-oil income is estimated at 730 million dinars (2.4 billion dollars).