The liquidity rates currently available in the Kuwaiti General Reserve Fund, after paying the dues for the month of November, are approximately 3.5 billion dinars (about 11.5 billion dollars).
It is likely that with the continued achievement of additional levels of liquidity, the general budget will achieve a surplus over the current fiscal year of approximately 2.5 billion dinars, assuming that oil revenues are equal to the expenses due until the end of the year. In the event that this is achieved, the period of deficits that began since the fiscal year 2014/2015 will end for the first time in seven consecutive fiscal years.
Last November, Kuwait's budget recorded a limited deficit of about 50 million dinars, after the increase in the level of dues for this month, compared to the oil revenues recorded for the same month, and this included traditional expenses, in addition to paying arrears for the last fiscal year. While the general budget during the month of October recorded expenses of about two billion dinars, including dues of about 50 million for the Tourism Projects Company, while oil revenues amounted to about 2.45 billion.
Source (Al-Rai Kuwaiti Newspaper, Edited)
