16.09.2016 - Kuwait's budget forecast to swing back to surplus by 2019
Kuwait will post only temporary fiscal deficits, and the budget balance will turn back to surpluses by 2019, on the back of recovering oil prices, according to a new report by BMI Research, a Fitch company. Kuwait will implement only limited reforms because its parliament will block many of the government's targeted cuts while very large foreign reserves will limit the risk of a full-blown fiscal crisis. Foreign assets held by the sovereign wealth fund stood at $592 billion at the end of 2015, according to the Sovereign Wealth Fund Institute, more than enough to cover the forecasted temporary budget deficits, it added...............................................Full Article: Source
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