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%...