VOL. XLIII

No. 51

18-December-2000

KUWAIT

Kuwait Set To Record Budget Surplus In Fiscal Year 2000-2001

Kuwaits Deputy Prime Minister and Minister of Foreign Affairs, Shaikh Sabah al-Ahmad al-Jabir al-Sabah, may have promised on 10 December that the government would make serious efforts to implement its economic reform program, but the countrys fiscal position is unlikely to accelerate the process. The latest revenue figures, on the back of high oil prices, suggest that Kuwait will face a budgetary...