SWFI First Read, January 31, 2017

Kuwait FinMin Expects $25.85 Billion Budget Deficit for New Fiscal Year

Kuwait Finance Minister Anas al-Saleh announced the budget deficit for the new fiscal year, beginning April 1, 2017, to be 7.9 billion KWD (US$ 25.85 billion). The minister’s forecast was built on an assumption of a US$ 45 oil barrel price and after a 10% contribution of oil revenue to the country’s sovereign fund.

Carlyle Hires Former KKR Credit Executive Craig Farr

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