NO. 15


Financial and Banking News

Budgets & Revenues

Kuwait Earns Big Budget Surplus in First Fiscal Quarter

According to figures recently published in the Central Bank of Kuwait'sQuarterly Statistical Bulletin (QSB), the Government's revenues during the firstquarter of the current fiscal year (equivalent to the period July-September1989) exceeded its expenditures by KD126.8mn ($425mn), representing the secondconsecutive quarterly surplus recorded by the Government...