December 1, 2023
Business Finance

Kuwait seeks approval to use wealth fund to finance deficit

Kuwait’s government submitted a draft law to parliament seeking permission to withdraw as much as KD5bn (US$16.5bn) a year from the country’s sovereign wealth fund to help finance a spiraling deficit.

If approved by lawmakers, it would be the first time since the aftermath of…

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Last Updated on 3 years by Editor – PK

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