VOL. XXXII
NO. 39
3-JULY-1989
Financial and Banking News
BUDGETS AND REVENUES
Kuwait to Trim Deficit, Increase Spending
The Kuwaiti Government's budget deficit for the 1989/90 fiscal year, whichbegan on 1 July, incorporates higher revenue forecasts and thereby trims thedeficit while at the same time increasing state expenditures by some 4%.
Figures released by the Ministry of Finance last week indicate that bothoil and non-oil revenue are expected to increase by something less than 9%, toKD1,942mn...
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