Financial and Banking News
BUDGETS AND REVENUES
Kuwaiti Current Account Surplus Steady in 1988
Balance of payments data recently published by the Central Bank of Kuwaitshow that despite a sharp fall in the value of oil exports during the year, thecountry's current account surplus increased by a modest O.9% to reachKD1,315mn ($4.7bn) in 1988. As has been usual in recent years, the currentaccount surplus owes much to service income - principally governmentinvestment...