Financial and Banking News
BUDGETS AND REVENUES
Kuwaiti Finance Minister Predicts Lower Deficit for Next Year
Kuwait's Finance Minister, Mr. Nasr al-Rudhan, has estimated that Kuwait willhave a budget deficit of KD1.2bn ($4bn) in the financial year 1993/94 (whichwill begin on 1 July 1993). This compares with deficits of KD1.8bn ($6bn) in1992/93 and KD5.3bn ($17.7bn) in 1991/92. The decline in the deficit will beattributable to increased oil revenues. Kuwaiti...