VOL. XXXIX
No. 21
19-February-1996
KUWAIT
Kuwait Government Proposes 16.5% Cut In 1996-97 Budget Deficit
The Kuwaiti Minister of Finance, Mr. Nasir al-Rudhan, has announced that the Kuwaiti Government is aiming for a 16.5% cut in the budget deficit for the fiscal year 1996-97 to KD1,102mn ($3,686mn) from the budgeted deficit of KD1,320mn ($4,415mn) in 1995-96 (before allocations to the Reserve Fund for Future Generations - RFFG.) The Kuwaiti cabinet approved the basic figures for next...
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