NO. 3


Financial and Banking News

Budgets and Revenues

Kuwait Increased Revenue, Spending last Year

The Kuwaiti Government increased its revenue and expenditure by 9% and 13%respectively during the fiscal year ending 30 June, according to MEES estimates.Figures recently published by the Central Bank of Kuwait give details ofexpenditure for the first eleven fiscal months which show that total revenue wasrunning slightly below the previous year's level, but high revenues...