NO. 33


Financial and Banking News

Public Finance

Cuts In Kuwait's Defense Expenditure Mooted In 1995-96 Budget

The Kuwaiti Government, which is coming under increasing scrutiny from theNational Assembly (parliament) to rationalize its defense spending andeliminate waste and financial impropriety, appears to be moving towards areduction in its defense budget in the coming fiscal year 1995-96 which startson 1 July. According to a report in the Kuwait daily Arab Times of 4...