According to the latest economic brief published by National Bank of Kuwait, the government’s non-oil revenues rose by KD 163 million to KD 376 million, in the first six-month period of the fiscal year 2001/2002, a 76 percent increase. Of this increase, KD 41 million came from higher revenues from service charges, which grew by 32 percent. These were driven mainly by increases in healthcare services, which were up KD 16 million, and transportation and communications fees (up KD 9.5 million). Most of the remainder of the increase was in miscellaneous revenues—up KD 114 million. Customs fees and corporate income tax revenues saw modest increases that partly reversed their retreat in the prior year. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
