Higher than expected oil prices are helping Kuwait to defy government expectations of a year-end budget deficit, the National Bank of Kuwait (NBK) said Tuesday (IOD Jun.11,p7). "The fiscal position for fiscal year 2009-10 would likely end up between balance and a 6.2 billion Kuwaiti dinar [$21.6 billion] surplus before allocations of 10% of budget revenues to the Reserve Fund for Future Generations," NBK said in a report.
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