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...