NO. 32


Financial and Banking News

Budgets & Revenues

Kuwait Budget Deficit Revised Upwards

The deficit projected in the draft Kuwaiti budget for the next financial yearhas been revised upwards from that approved by the Kuwaiti cabinet in February.The budget currently before the Kuwaiti National Assembly projects a net deficitfor 1995-96 of KD1,190mn, compared to the draft KD988mn approved earlier in theyear (MEES, 13 February). The cut is not as large as the KD500mn or...