Financial and Banking News
BUDGETS AND REVENUES
Kuwait Returns to Surplus as Oil Revenue Soars
The Kuwaiti Government, which is scheduled to run a KDl.3bn ($4.6bn) publicfinance deficit during the current fiscal year, is actually earning more than itcan spend as a result of a very sharp increase in its oil revenues. Accordingto figures published by the Central Bank of Kuwait, total government revenueduring the first half of FY1987/88 (equivalent to July-December 1987)...