Financial and Banking News


Kuwaiti Budget Boosts Spending Despite Stagnant Income

The Kuwaiti Government's budget for 1987/88 (ending 30 June 1988) is aimed at restoring state expenditure to the levels actually achieved during 1985/86 (the fiscal year which ended 30 June 1986). This year's budget figures show a 3.4t increase in spending over last year's budget, but this masks a true increase of approximately 13% over the actual spending levels achieved in...