NO. 41


Financial and Banking News

Budgets & Revenues

Kuwait Budgets for Higher Deficit

The Kuwaiti Council of Ministers passed the country's draft budget for the1990/91 financial year on 26 June and sent it for approval by the Emir. Fullfigures will be available when the budget is published in the Official Gazettein a few weeks' time.

The budget proposes a deficit of KD1,469mn ($5,036mn) for the year, whichbegan on 1 July 1990, an increase of 11.4% on 1989/90. The...