VOL. XXXVII
NO. 31
2-MAY-1994
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...
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