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Home International Customs Kuwait

Oil revenue surge seen cutting Kuwait deficit

byCT Report
31/01/2017
in Kuwait
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KUWAIT CITY: Kuwait expects oil revenue to surge more than 30 percent in the fiscal year that starts in April, reducing the budget deficit.

The government released details of the budget late on Monday, in addition to broad elements of a plan to revamp the economy and reduce its reliance on crude exports. Below is a summary of the main points presented by Deputy Prime Minister Anas Al Saleh.

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