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III Budget Structure and Implications for Fiscal Policy

III Budget Structure and Implications for Fiscal Policy »

Source: Kuwait : From Reconstruction to Accumulation for Future Generations

Series: Occasional Papers

Author(s): John Wilson , Susan Fennell , Nigel Chalk , Mohamed El-Erian , and Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 April 1997

ISBN: 9781557756237

Keywords: central bank, expenditure, debt, capital expenditure, interest

In the years since the Iraqi occupation, Kuwait has recorded budget deficits as well as lower investment income. The budget deficits reflected the high spending associated with liberation, reconstruction, an...

II Accumulation for Future Generations: Kuwait’s Economic Challenges

II Accumulation for Future Generations: Kuwait’s Economic Challenges »

Source: Kuwait : From Reconstruction to Accumulation for Future Generations

Series: Occasional Papers

Author(s): John Wilson , Susan Fennell , Nigel Chalk , Mohamed El-Erian , and Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 April 1997

ISBN: 9781557756237

Keywords: central bank, expenditure, debt, capital expenditure, interest

Kuwait is a rich country. It has large oil reserves and, owing to its prudent financial policies of the 1970s and 1980s, possesses considerable foreign assets. The economy has a tradition of low inflation, a...