#Kuwait's audit body warns against depletion of sovereign fund assets - Reuters

Kuwait's audit body warns against depletion of sovereign fund assets - Reuters:

Kuwait’s State Audit Bureau warned against further withdrawals from the Gulf state’s General Reserve Fund and called for economic reforms to reduce the government reliance on oil revenues, it said in a report on Wednesday.

The General Reserve Fund’s assets fell 5.4% to 22.88 billion Kuwaiti dinars ($75.45 billion) in the second quarter of 2019, it added. ($1 = 0.3033 Kuwaiti dinars)