Middle East Economic Survey
VOL. XLVII
No 36
6-September-2004
KUWAIT
BUDGETS AND REVENUES
Kuwait Unveils Typically Conservative Budget For FY 2004-05
The Kuwaiti Government is forecasting an increased budget deficit of KD3,310mn ($1=KD0.294) for the 2004-05 fiscal year (1 April-31 March) up from the KD2,625mn deficit estimated for the previous year. The budget is typically conservative and seen by many as unrealistic given it is based on an oil price of $15/B, which is sharply lower than the current...
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