Kuwait is set to post a KD11.2bn ($40bn) surplus for the year ending 31 March, more than double the 2012-13 surplus, based on preliminary official figures for the first 10 months of the current financial year.

For April 2013-January 2014 Kuwait posted a surplus of KD9.39bn, after allocation to the Reserve Fund for Future Generations (RFFG), already comfortably ahead of the KD4.69bn surplus for the 2012-13 financial year. This is despite average prices for Kuwait’s crude exports having fallen by close to $3/B over the same period (see table). (CONTINUED - 504 WORDS)