VOL.XXXVI

NO.50

13-SEPTEMBER-1993

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...