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Kuwait’s oil revenues reach KWD 10.15 billion in 9M

Kuwait’s oil revenues reach KWD 10.15 billion in 9M
Non-oil revenues in Kuwait during the nine months totaled KWD 998.3 million

Mubasher: Kuwait's oil revenues registered KWD 10.15 billion ($33.8 billion) during the first nine months of fiscal year 2017/2018, according to the monthly report by the nation's finance ministry.

These revenues accounted for 86.7% of the KWD 11.71 billion collected from the country’s budget.

Oil revenues in the nine months ended in December 2017 represented 91.03% of the achieved amount of KWD 11.15 billion.

Non-oil revenues in Kuwait during the nine months totaled KWD 998.3 million or 61.1% of the KWD 1.6 billion estimated in the budget.

An amount of KWD 1.1 billion of revenues was transferred to reserves for the coming generations or 83.6% of the KWD 1.3 billion estimated in Kuwait’s budget.