VOL. XXXVIII

NO. 48

28-AUGUST-1995

Financial andBanking News

Public Finance

Kuwaiti National Assembly Accepts Budget

The Kuwaiti Government finally succeeded in pushing through its budget for1995-96 on 22 August. Reports indicate that it assumes oil revenues of KD2,490mnand non-oil revenues of KD420mn, as per the revised draft published in MEES on 8May, but that expenditures have been revised upwards as follows:

 Provisional As Passed Previous Draft Year Estimate 1995-96 1995-96 1994-95Revenues...