NO. 31


Financial and Banking News

Budgets & Revenues

Kuwait's Deficit To Widen As Defense Spending Is Included In The Budget

The Kuwaiti Government's draft budget for 1994/5 projects a slight fall inunderlying spending, although the budgetary total outlay will increase due tothe inclusion of a KD500mn special defense allocation. Under the terms of lawspassed by the National Assembly during the last year, all defense expenditurenow has to be included within the published...