KUWAIT
Kuwait To Save 25% Of Its State Revenue
Kuwait has decided to raise the mandatory allocation to the Reserve Fund for Future Generations (RFFG) from the current 10% of state revenue to 25%. After making the decision at its weekly meeting on 17 September, the cabinet instructed the finance ministry to make the necessary arrangements to implement the change in fiscal 2012-13 which started on 1 April.
Explaining the rationale behind this decision,...
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!