Kuwait needs KWD7bn to finance its 2016-17 budget deficit
Kuwait would need KWD7bn to finance its budget deficit for the fiscal year 2016-17, according to the initial strategy for the management of the public debt. The deficit would be funded as follows: KWD1bn through conventional and Islamic bonds (sukuks), KWD2.3bn through international debt instruments, KWD600mn through Islamic debt instruments and KWD1.2bn from the general reserve. (Kuwait Times)
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