NO. 39


Financial and Banking News

Public Finance

Kuwait Parliament Approves More Funds For 1994-95 Budget

The Kuwaiti parliament on 20 June approved the allocation of an additionalamount of KD233mn ($778mn) to the 1994-95 budget from the state's generalreserve to cover unexpected expenditures. Half of the amount will cover defenseexpenditures related to the deployment of US and other allied troops in the Gulflast fall in response to Iraqi troop movements. Commenting on the...