Kuwait’s 2013-14 Budget Eyes Surplus
Kuwait’s budget for the 2013-14 financial year (which began on 1 April) has finally been released, around four months late. The delayed budget is down to a chronic and continuing political standoff between the government and parliament. Oil revenue is predictedto rise by 32%, even though prices are marginally down.
The current parliament, elected in December 2012, was dissolved by the constitutional...