Financial and Banking News


Kuwaiti Oil Revenue Down but Spending Increases in 1984/85 The Kuwaiti Ministry of Finance's closing accounts were presented to the National Assembly on 2 November, indicat- ing that oil revenues declined by 12.5% to KD2,448mn in FY 1984/85 (1 July 1984-30 June 1985). State expenditures in- creased by 2.7% from KD3,120mn to KD3,205mn. As published in the local press, the figures for FY 1984/85 are as fol- lows (in KD):

 Oil revenues...