VOL. XXXVIII

NO. 12

19-DECEMBER-1994

Financial and Banking News

Budgets & Revenues

Kuwait Aims For Zero Deficit By 2000

Kuwaiti Finance Minister Nasir 'Abd Allah al-Rudhan said on 13 December thatthe government was planning to reach a zero deficit by the year 2000 and wouldreduce the budget by as much as $1bn during the next fiscal year and subsequentyears. "That is not only a target and a wish," he said. "Thereare measures taken to reach that target. We are trying to reduce the budget by...