VOL. XLV
No 28
15-July-2002
KUWAIT
Kuwait Parliament Approves$6.3Bn 2002-03 Budget Deficit
On 10 July Kuwait痴 parliament approved a budget forthe financial year 2002-03 which runs from 1 April 2002 to 31 March 2003.Expenditures are estimated at KD5,430mn ($18,016mn) comparedwith KD5,274mn ($17,498mn) for the financial year 2001-02, representing a riseof 2.96%. Total revenues are projected at KD3,536mn($11.733mn) compared with KD3,832mn ($12,712mn) in 2001-02, a fall of 7.7%. Oilrevenues for...
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