Financial and Banking News
BUDGETS AND REVENUES
Full Text OfKuwaiti Budget Shows Few Spending Changes
The full Kuwaiti budgetforthecurrentfinancialyear
(whichbeganon 1 July) shows that the government is continuing to try to boost non-oil income while peggingtotal
expenditureat the level ofprevious years.Nevertheless, an expected increase in oil revenues is the key to reducing
the budget deficit.The mainfeatures of the budget are as follows:
-Oilrevenue is the...