Financial and Banking News
BUDGETS AND REVENUES
Reported Kuwaiti Deficit 91% below Budget
Provisional public revenue and expenditure figures published by the CentralBank of Kuwait show that the government's strictly defined budget deficit for1987/88 (i.e. the year ending 30 June 1988) was only KD100.8mn, compared with aforecast deficit of KD1,178.6mn. This is the smallest deficit recorded by theKuwaiti Government since 1983/84, the last year in which its revenues...