Kuwait may look to pump prices to ease deficit
August 16, 2016
Will Kuwait be able to take a bite out of a budget gap by setting higher prices at the pump? Kuwait Ministry of Finance Assistant Undersecretary for General Accounting Abdul-Jaffar Al-Awadi recently revealed a total budget deficit of approximately $7.9 million for the first quarter of the fiscal year. He also noted a move by national leaders who plan to increase fuel prices.
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