Kuwaiti Nation Council convenes closed session

Originally published May 1, 1998

At the request of the government, a special closed-door session on Saturday of the Kuwaiti Nation Council will discuss the state's financial situation in light of the drastic deterioration in world oil prices. The Kuwaiti general budget for the fiscal year 1998 is under a deficit of 1.337 billion Kuwaiti dinars, (approximately US $5.718 billion).