NO. 17


Financial and Banking News

Public Finance

Kuwait Will Cut Budget Deficit By One Third, Minister Says

Kuwait will reduce its budget deficit by KD500mn ($1,672mn) in the 1995/96financial year, Finance Minister Nasir 'Abd al-Allah al-Rudhan says. This wouldtake the total deficit to about KD1,000mn. In an interview with the local dailyal-Watan, Mr. Rudhan said that the draft budget would be sent from the Cabinetto the National Assembly. Kuwait's financial year starts...