NO. 28


Financial and Banking News

Budgets & Revenues

Oil Revenues Boost Kuwaiti Budget

Kuwait's oil revenues in the first half of the current financial year, whichbegan on 1 July 1989, were the highest since the mid-1980s, according to figurespublished in the Central Bank of Kuwait's Quarterly Statistical Bulletin forOctober-December 1989. The surplus for the first half of the year, beforetransfers to reverves, was KD331.6mn, of which KD204.8mn accrued in the second...