VOL. XXXIII

NO. 15

15-JANUARY-1990

Financial and Banking News

Budgets & Revenues

Kuwaiti Oil Revenue Up 60% in Q1-Q3 1989

Oil revenues earned by the Kuwaiti Government during the first nine months of1989 were nearly 60% higher than those during the same period of 1988 and nearly10% higher than in 1987, according to figures recently published by the CentralBank of Kuwait. For the period January-September 1989, oil revenues stood at$6.5bn, compared with $5.6bn for the whole of 1988. The increase...