VOL. XXXIX

No. 2

9-October-1995

KUWAIT

Kuwaiti BudgetDeficit Projected To Narrow On The Back OfHigher Oil Finance Revenues

The Kuwaiti budget for the year 1 July 1995-30 June 1996 aspublished in the Official Gazette of 12 September projectsfurther tightening in the state's financial position asspending in real terms falls and oil revenues increase.Overall the budget foresees a 12% reduction in the government deficit - that is after supplementary allocations tostate-owned entities - to...