VOL. XLV

No 35

2-September-2002

KUWAIT

Kuwait RevealsBudget Details For FY 2002-03

Kuwaits2002-03 budget, published on 28 July in the official gazette Kuwait al-Yaum,reveals that the government is forecasting a KD2,259mn ($1=KD0.302) deficit, asrevenues fall to KD3,521mn from the 2001-02 budgets KD3,831mn and expenditureclimbs 2.6% to KD5,428mn from KD5,274mn (see Table). The budget, which coversthe 1 April-31 March fiscal year, includes the usual allocation for futuregenerations, although at...