Kuwait warns deficit \\\'inevitable\\\' as spending soars
May 22, 2014 00:00:00
KUWAIT CITY, May 21 (AFP) : Kuwait's finance minister warned Tuesday that the oil-rich Gulf state will face a certain budget deficit because growth in spending has outpaced a rise in public revenues.
"A budget deficit is inevitable... as the average annual growth in public spending was 20.4 per cent during the past decade against a 16.2 per cent average rise in revenues.”
