Kuwait will need $116bn to finance its deficit over the next six years
Kuwait will need $116b over the next six years to finance its budget deficit caused by low oil prices, according to a report by International Monetary Fund (IMF). The Gulf country posted its first budget shortfall of $15 billion for the first fiscal year following 16 years of surpluses after which it adopted a series of austerity measures including raising fuel, power and water prices. The government […]