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<a href="http://www.accessmylibrary.com/coms2/summary_0286-25058277_ITM" title="Facts and information about Kuwaiti budget capital expenditures drop in first half.">Kuwaiti budget capital expenditures drop in first half.</a>
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Kuwaiti budget capital expenditures drop in first half.
According to the latest economic brief published by National Bank of Kuwait, even though the budget allocation for development and maintenance projects was raised by 25 percent for this fiscal year, there was a 9.4 percent drop in this spending category, in the first six-month period of the fiscal year 2001/2002. The prorated budget allocation for the period was KD 292 million, of which only 22 percent (KD 65 million) was spent. The delayed approval of the FY01/02 budget may lie behind the drop. The budget was passed in late June 2001, three months into FY01/02.
Typically, if a fiscal year begins before a budget is ...
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