Financial and Banking News


Kuwaiti Government Spending Drops Significantly in 1984/85 

For the first time in recent years domestic expenditure by the Kuwaiti government has dropped significantly, according to figures recently released by the Central Bank of Kuwait. During the first eleven months of the 1984/85 fiscal year (July 1984 to May 1985) the government's current expenditure was KD1,985.8mns its development expenditure was KD530.3mn, capital spending...