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Treating the oil addiction in Kuwait: proposals for economic reform

Al-Ojayan, Hessah (2016) Treating the oil addiction in Kuwait: proposals for economic reform. LSE Kuwait Programme Paper Series, 41. The London School of Economics and Political Science, LSE Kuwait Programme, London, UK.

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Identification Number: 41

Abstract

In 2015, for the first time in 16 years, Kuwait reported a fiscal deficit of 2.71 billion Kuwaiti Dinars ($9.4 billion). The deficit was exacerbated by weakness in crude prices and mounting supply–demand imbalances in the global oil market. It is critical that Kuwait reacts with a fiscal contingency plan to avoid the uncertainties and volatility of depending primarily on oil to fund government activities. This paper aims to highlight the current economic condition and fiscal needs of Kuwait, as well as to propose a set of potential mitigating strategies for the government to consider.

Item Type: Monograph (Working Paper)
Official URL: http://www.lse.ac.uk/middleEastCentre/kuwait/home....
Additional Information: © 2016 The Author
Subjects: D History General and Old World > DS Asia
H Social Sciences > HC Economic History and Conditions
Sets: Research centres and groups > Middle East Centre
Collections > Kuwait Programme on Development, Governance and Globalisation in the Gulf States
Date Deposited: 28 Sep 2016 10:47
Last Modified: 28 Sep 2016 15:38
URI: http://eprints.lse.ac.uk/id/eprint/67888

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