NO. 27


Financial and Banking News

Budgets & Revenues

Kuwait Faces $17bn Financing Gap in Present Financial Year

Kuwait is facing a financing gap of around $17bn in the current budget year,making the sale of foreign assets, and perhaps further foreign borrowing,inevitable. The state budget for 1991/92 (covering the year to 30 June 1992)projects a deficit of KD5,436mn ($18,477mn), although, as in previous years,this figure does not include revenues from overseas...