NO. 39


Financial and Banking News

Budgets & Revenues

Kuwait 1992/93 Budget Deficit Slashed

The deficit in the draft Kuwaiti budget for 1992/93, which starts on 1 July1992, is projected to fall by a massive 62% to KD2,042mn ($6,941mn) fromKD5,436mn ($18,477mn) in 1991/92. The budget, which is currently being debatedby the Kuwaiti Council of Ministers, estimates an 86% increase in revenues toKD1,620mn in 1992/93 from KD870mn in 1991/92 and a 44% fall in expenditures to...