NO. 43


Financial andBanking News

Economic Indicators

Kuwait Bases Budget On $12/B Says Finance Minister

The Kuwaiti budget for 1994/95 (the year to 30 June 1995) assumes an oilprice of $12/B and an exchange rate of $1=KD0.299, according to Finance MinisterMr. Nasr al-Rudhan. The figures were expected to form part of a speechdelivered by the Minister to the National Assembly on 23 July. If fulfilled,they would result in oil revenues of KD2,234.9bn ($7.6bn) over the year,...