Financial and Banking News
Kuwait Finance Minister Sees Budget Deficit Declining to KD1bn next Year
The Kuwaiti Finance Minister, Mr. Nasir 'Abd Allah al-Rudhan, says that hiscountry's budget deficit for the 1993/94 financial year may fall to KD1bn($3.3bn), compared to the KD1.8bn budgeted for the present financial year (whichends on 30 July 1992). In November the Minister estimated that the 1993/94deficit would be KD1.2bn. The new estimate,...