KUWAIT 

Kuwait To Raise Budget Expenditure By 13.4% In 2012-13

Kuwait’s budget for fiscal year 2012-13, which starts on 1 April, is projecting a 13.4% increase in total expenditure to KD22bn ($79.0bn) from KD19.4bn ($69.7bn) in 2011-12, the head of Kuwaiti parliament’s budget committee 'Adnan 'Abd al-Samad told the Kuwaiti News Agency KUNA last week. Total revenue in 2012-13 is projected at KD14bn ($50.3bn), of which KD12.8bn ($9.2bn) will be come from oil revenue,...