VOL. XLVI

No 32

11-August-2003

KUWAIT

BUDGETS AND REVENUES

Kuwait Unveils Budget For FY 2003-04

The Kuwaiti Government is forecasting a budget deficit of KD2,625mn ($1=KD0.299) for the 2003-04 fiscal year, which runs from 1 April-31 March, the official gazette, Kuwait al-Yaum, of 20 July reported. The budget, which is designated as Law 82 and was signed on 13 July, envisages total expenditure of KD5,824mn, with a total revenue of KD3,555mn, with the 10% allocated for the Reserve Fund for Future...