Fiscal consolidation will be slow with the government unlikely to contain public sector wages, which account for 41 per cent of the country's expenditure. AFP
Fiscal consolidation will be slow with the government unlikely to contain public sector wages, which account for 41 per cent of the country's expenditure. AFP

Economy

Moody's affirms Kuwait's AA2 rating while keeping outlook stable

With higher oil prices, ratings agency expects relatively slower progress on fiscal reforms compared to neighbours

Jennifer Gnana
Jennifer Gnana

May 03, 2019