Kuwait’s budget remains fixated on oil revenues | GulfNews.com:
"For Kuwait’s new fiscal year 2014-15, which started in April, there is cautious optimism concerning revenues while retaining caution on expenditures.
Within the six-nation Gulf Cooperation Council (GCC), Kuwait and Qatar have their fiscal years from April to March end.
The state budget is vital for the well being of the Kuwaiti economy by virtue of constituting some 40 per of gross domestic product (GDP). In fact, its GDP of some $184 billion makes it the fourth largest within the GCC after Saudi Arabia, the UAE and Qatar. Consequently, Kuwait suffers from the phenomenon of a sizable governmental involvement in the economy."
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