Kuwait-Mubasher: Kuwait intends to issue bonds before the end of 2015 to finance the country’s deficit, said Finance Minister Anas Al-Saleh.
The bonds will be denominated in local currency, said Al-Saleh on the sidelines of Euromoney Conference held in Kuwait.
The deficit is estimated at KWD 8.18 billion for the fiscal year 2015/2016, based on the expected oil price of $45 a barrel.
It is noteworthy that Kuwait’s deficit of the fiscal year 2014/2015 is the first in 15 years.
