Kuwait-Mubasher: Stock markets in general, and Kuwait Stock Exchange in specific, have declined in the beginning of 2016 due to low oil prices, the volatile global economy, and the decrease of international and emerging markets; however, there was stability in the last two weeks of January, said financial counselor Adnan Al-Delimi.
Al-Delimi referred to the estimated budget of Kuwait and its deficit which exceeded KWD 12 billion, saying that the budget is still in the danger zone; however, the situation is more stable when it comes to the development spending.
The financial counselor advised the Kuwaiti citizen to accept the expected rationalization as well as government procedures for securing sustainability of living for the coming generations.
