VOL. XLI

No. 32

10-August-1998

KUWAIT

Kuwaiti National Assembly Passes State, KPC And KAC Budgets

At the beginning of last week, Kuwait's already postponed parliamentary recess seemedthreatened by further delays due to persistent disagreement over a number of outstandingissues. The state budget was approved on 5 August but other budgetary agenda items weresubjected to more protracted and heated debate. The 1998-99 national budget provides forexpenditure of KD4.362bn ($14.222bn), a drop of 7%...