January 14, 2020 / 1:41 PM / 7 days ago

CORRECTED-Kuwait 2020/21 budget forecasts no rise in overall spending

(Corrects second paragraph to show capital expenditure accounts for 16% of total expenditure, not a 16% increase)

KUWAIT, Jan 14 (Reuters) - Kuwait said on Tuesday it did not plan to raise total spending in its state budget for the year ending on March 31, 2021.

Figures issued by the Gulf Arab state showed capital spending would account for 16% of expenditure in the next financial year.

Reporting by Alexander Cornwell and Ahmed Hagagy; Writing by Davide Barbuscia; Editing by Edmund Blair

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