Financial and Banking News
BUDGETS AND REVENUES
Kuwait Doubts Debt Ceiling, Slashes Deficit Forecast
The Kuwaiti Government on 12 March more than doubled its ceiling for theissue of public debt instruments from KD1.4bn to KD3bn. Public debt issues -comprising three- month treasury bills and one to five year treasury bonds -have been used to finance the government's budget deficit since November 1987.The previous debt ceiling had been fully used since June 1988. In...