VOL. XXXI

NO.41

18-JULY-1988

Financial and Banking News

BUDGETS AND REVENUES

Details of Kuwait's Budget for 1988-89

Details of the Kuwaiti state budget for the fiscal year l988-89 (see MEES, 11July) have now been published as Law No. 36 of 1988 in the 27 June issue of theOfficial Gazette. The Kuwait Government expects to increase its total revenuethis year by 3.77%, from KD1,979.4mn ($7,019.2mn) in the previous fiscal year(1987-88) to KD2,054mn ($7,283.7mn), and to reduce its deficit by 2.2% from...