Kuwait: From Reconstruction to Accumulation for Future Generations
April 30, 1997
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Kuwait has made an impressive recovery from the damage and disruptions caused by the Iraqi invasion in 1990, as evidenced by the restoration of basic economic and social services, the recovery of the oil sector, the rehabilitation of infrastructure, and the steady reduction in the fiscal and balance of payments deficits. This paper examines recent developments in the Kuwaiti economy and discusses the country's medium-term policy challenges of saving for future generations, strengthening the financial sector, and improving the functioning of the labor market.
Subject: Banking, Budget planning and preparation, Capital spending, Current spending, Disposable income, Expenditure, National accounts, Public financial management (PFM)
Keywords: Budget planning and preparation, Capital spending, Current spending, Disposable income, government, Middle East, OP, outlay, policy implication, policy instrument, policy priority, public finances, revenue, section III
Pages:
59
Volume:
1997
DOI:
Issue:
003
Series:
Occasional Paper No. 1997/003
Stock No:
S150EA0000000
ISBN:
9781557756237
ISSN:
0251-6365
