Financialand Banking News
KuwaitiBudgetPegsExpenditureAsOil Revenues Close
The Kuwaiti budget for 1993/94,whichwas approved bythe
NationalAssembly on 1September,projects a 22% increase in revenues but cuts expenditure slightly belowthelevel
of the previous year.As aresult, the deficit is expected to fall to KD1,233mn ($4,145mn). The Finance Minister,Mr.
Nasir 'Abd Allah al-Rudhan, says that the shortfall will be financedfrom reserves....