Financial and Banking News


Kuwaiti Spending Steady Despite Lower Income 

Spending by the Kuwaiti government has been held relatively steady - and even registered a small overall increase - during the first eight months of the 1985/86 fiscal year, according to figures covering the period up to the end of February recently published by the Central Bank of Kuwait, despite a 5% drop in the government's oil and tax income. On 11 February, the government ordered...