Kuwait Parliament Analyzes Options Regarding Deficit
Posted on 07/06/2015
Last week, Kuwait’s parliament approved a state budget, giving the country a budget deficit of 8.18 billion KWD (US$ 27 billion). With slashed export earnings, low oil prices have negatively affected the state’s finances. Last fiscal year, Kuwait posted a 2.31 billion KWD (US$ 7.6 billion) deficit. Kuwait could issue bonds or use some of […]
