NO. 27


Financial and Banking News

Budgets & Revenues

KIA Chief Says Return On Foreign Investments Exceeds Budget Deficit

The Managing Director of the Kuwait Investment Authority (KIA), Mr. 'AliRashid al-Badr, has confirmed that the return on Kuwait's foreign investments in1993 exceeded the deficit in the state budget. Mr. Badr did not indicate whetherthe deficit he had in mind was the KD1,223mn ($4,121mn) projected for 1993-94 orthe KD1,782mn ($6,004mn) projected for...