VOL. XL

No. 31

4-August-1997

KUWAIT

Kuwait Parliament Approves 1997-98 Budget

On 29 July the Kuwaiti parliament approved the 1997-98 budget, which projects totalexpenditure at KD4.69bn ($15.5bn), total revenue at KD3.11bn ($10.3bn) and a deficit ofKD1.27bn ($4.2bn) before allocations to the Reserve Fund for Future Generations (RFFG).The single highest item of expenditure is salaries for civil servants at KD1.29 ($4.3bn),27.5% of the whole. The deficit rises to KD1.58bn ($5.2bn) after the...