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...
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