Financial and Banking New


Parsimonious Spending Results in Kuwaiti Budget Surplus 

According to official figures just published, the Kuwaiti Government underspent its 1983/84 'austerity' budget by KD453.9mn ($1.54bn) - the equivalent of 13.4% of budgeted expenditure - and was left with a surplus of KD252.2mn ($855mn) rather than the deficit of KD339.3mn ($1.15bn) envisaged for the financial year ending on 30 June 1984. Revenues during the 1983/84 fiscal...