Financial and Banking New
BUDGET AND REVENUES
Kuwait Proposes Further Spending Cuts
The draft budget for the 1985/86 Kuwaiti fiscal year, which was presented to the National Assembly last week, proposes a 4.5% cut in state expenditures to KD3,419mn ($11.4bn). However, with oil revenues forecast to drop by 3.8% to KD2,802mn ($9.3bn) and other revenues forecast to remain constant at KD314mn ($105mn), the proposed deficit will be cut by 8.4% to KD645mn ($2.15bn). These figures, which...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!