Financial and Banking News
BUDGETS AND REVENUES
Draft Kuwaiti Budget Projects 20% Increase In Oil Revenues
Kuwait's draft budget for 1993/94 projects oil revenues of KD2.4bn ($8bn), a20% increase on budgeted oil revenues in the present year. The draft budget alsoforesees an 8% fall in expenditure to KD3.9bn ($13bn). The Prime Minister,Shaikh Sa'd al-'Abd Allah al-Sabah published the government's proposals on 5June. They will now be considered by the National...