Financial and Banking News


Kuwait Budgets for Lower Revenues 

The Kuwaiti government expects its income to drop by 3.4% to KD3,116mn ($9.39bn) during the current 1985/86 fiscal year, according to its budget for the year, beginning 1 July, which was published as Law 33/85 in the 30 July issue of the Official Gazette. This anticipated drop follows an actual income shortfall of 15.2% in the first eight months of the 1984/85 fiscal year (MEES, 24 June). The new...