Kuwaiti fiscal crisis deepens

Issue 1111 - 01 Oct 2020

The fiscal situation is reaching a critical stage, with prime minister Sabah Al-Khaled seeking room to raise up to KD5bn ($1bn) in debt in the next six months. MPs have complained that his government has been too secretive about what it intends to do with the money; in mid-August parliament’s financial and economic committee rejected the government’s proposal.

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