Financial and Banking News
BUDGETS AND REVENUES
Kuwaiti Government Saves $1.3bn in 1986/87 by Cutting Deficit
Figures recently released by the Central Bank of Kuwait make it clear thatthe size of the Kuwaiti government's fiscal deficit was reduced from its budgetlevel of KD1.14bn to approximately KD781mn during the 1986/87 fiscal year whichended on 30 June 1987. The Central Bank published figures for governmentrevenues and expenditures up to May 1987 (i.e. for the...