No. 13

27 March 2000


Kuwaiti Fiscal Year To Start On 1 April From 2001

The Kuwaiti parliament on 21 March passed a law to change the start of the fiscal year in Kuwait from 1 July to 1 April. The law, which was approved by 44 votes to one, stipulates that the next fiscal year for 2000-2001 will run for nine months beginning on 1 July 2000 and ending on 31 March 2001. The purpose of the new law is to give lawmakers enough time to discuss the state budget and budgets of...