Financial and Banking News
BUDGETS AND REVENUES
Kuwaiti Budget Deficit Halved in 1987/88
Kuwait's Minister of Finance, Mr. Jassim al-Khurafi, last week revealed at apress conference that Kuwait's budget deficit for the fiscal year ending June1988 (1987/88) was less than half the deficit recorded during the previous year,and was the lowest for three years. Announcing the Closing Account for thefiscal year, Mr. Khurafi stated that the government's oil revenue had...