VOL. XXXI

NO. 51

26-SEPTEMBER-1988

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...