VOL. XXXNO. 220-OCTOBER-1986
FINANCIAL AND BANKING NEWS
BUDGETS AND REVENUES
Kuwait Spending Drops 9% in 1985/86
Provisional figures recently published bythe Central Bank of Kuwait show that the government's revenue and expendituredropped substantially in fiscal year 1985/86 (ending June 1986). Total revenuesfell by 14.2% from the previous financial year as a result of a dramatic fall inoil revenue during the final fiscal quarter (April to June 1986), when oilrevenues were only KD403.8mn 34.5%...