VOL. XXXVII

NO. 17

24-JANUARY-1994

Financial and Banking News

Budgets & Revenues

Kuwait Considers Economic Reforms To Cope With Lower Revenues

The Kuwaiti Government is considering radical revisions in its publicspending priorities as a result of the recent fall in oil prices. Mr. Nasir 'AbdAllah al-Rhudan, the Second Deputy Prime Minister and Minister of Finance andPlanning, said in a report published on 19 January that budget reform was anurgent task and that this would "require making...