NO. 40


Financial andBanking News

Public Finance

Kuwaiti Finance Minister Introduces 1995-96 Budget Proposals

In a written statement to the Kuwaiti parliament, reproduced in the Arabicdaily al-Watan on 27 June, the Kuwaiti Finance Minister, Mr. Nasir al-Rudhan,outlined his proposals for public spending in the financial year 1995-96 whichbegins on 1 July. The proposals have yet to be approved by parliament. Mr.Rudhan started by reviewing the government's financial performance...