VOL.XXXVI

NO.48

30-AUGUST-1993

Financial and Banking News

KUWAITI FINANCE

KuwaitiPrimeMinisterProposes Inclusion Of All Defense

Expenditure In Budget

Kuwait's Prime Minister and Crown Prince,Shaikh Sa'dal-

'Abd Allah al-Sabah, has proposed anamendment to the Amiri Decreeissuedlast year whichallocated KD3.5bn ($11.8bn)

for defense expenditures duringthenext12years.The amendmentspecifiesthatexpenditureunderthis decree

would have to be entered in the maindefense budget allocation, rather than being off...