VOL. XLI

No. 30

27-July-1998

KUWAIT

Kuwait Proposes Revenue Generating Measures

In the wake of the Kuwaiti Oil Minister's calls for increased awareness of decliningoil prices and the discrepancy between actual oil prices (around $10/B) and the oil priceassumption in the draft budget ($12/B - MEES, 20 July), steps to curb governmentspending are under consideration. According to the Kuwaiti daily Al-Watan, theKuwaiti Council of Ministers announced on 19 July possible measures aimed at reducing...