09.03.2016 - Kuwait to issue international, domestic bonds
Kuwait’s government plans to issue both international and domestic bonds to help cover a budget deficit caused by low oil prices, finance minister Anas al-Saleh told Reuters on Tuesday. Saleh told Reuters on the sidelines of a financial conference that the issues would be conducted once government committees had agreed on a plan. He did not give further details. The ministry projected in January that the government would run a deficit of KD12.2bn (US$40.7bn) in the next fiscal year starting on April 1, nearly 50% higher than the deficit estimated for the current year, after contributions by the government to the sovereign wealth fund...............................................Full Article: Source
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