Kuwait’s oil revenues down 17% in 11M

Kuwait’s oil revenues down 17% in 11M

Mubasher: Kuwait's oil revenues decreased by 16.7% on an annual basis during the first 11 months of the fiscal year (FY) 2019/2020, according to recent data by the Ministry of Finance.. Revenues for the period amounted to KWD 14.31 billion ($46.46 billion) over the eleven-month period ended on 29 February 2020, compared to KWD 17.15 billion ($55.68 billion) in the same period a year earlier, representing 103.2% of the KWD 13.86 billion estimated revenue for FY19/20.. The Kuwaiti fiscal year starts in April every year and ends in March the following year..