VOL. XXXV
NO. 14
6-JANUARY-1992
Financial and Banking News
Budgets
Kuwait Issues $21bn Budget for 1991/92, Excluding $10bn for Gulf WarCosts
The Kuwaiti budget for the financial year 1991/92, which began on 1 July1991, projects expenditure of KD6,087mn ($20,990mn), 67% up on the expenditurefigure for the 1990/91 budget, which was interrupted by the Iraqi invasion.Revenues are expected to be KD870mn ($3,000mn), leaving a deficit of KD5,304mn($18,290mn), equivalent to 87% of the total budget. Oil...
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