VOL. XXXVII
NO. 39
27 JUNE 1994
Financial and Banking News
Budgets & Revenues
Kuwait's Parliamentary Committee May Turn To Taxation To Curb BudgetDeficit
With the deficit in Kuwait's draft budget projected to rise to KD2.1bn($7.1bn) in the fiscal-year 1994-95 (which starts on 1 July) from KD1.5bn($5.1bn) in the previous year, the Kuwait National Assembly has asked experts todraft the country's first law to tax nationals. The Chairman of the Assembly'sFinance and Economic Committee, Mr. Isma'il...
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