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Kuwait Can’t Pay Salaries Beyond October, Minister Tells Parliament
The poor darlings will be less able to donate to their pet jihadis.
[Finance.Yahoo] Kuwait has 2 billion dinars ($6.6 billion) worth of liquidity in its Treasury and not enough cash to cover state salaries beyond October, Finance Minister Barak al-Sheetan warned parliament, as political wrangling again delayed efforts to return to international bond markets.

Other Gulf states facing similar predicaments have come to count more on borrowing, and S&P analysts say the region will borrow a record amount this year. Saudi Arabia, Bahrain and Qatar have all largely relied on debt to cover their deficits.
The government is withdrawing from its General Reserve Fund at a rate of 1.7 billion dinars a month, meaning liquidity will soon be depleted if oil prices don’t improve and if Kuwait can’t borrow from local and international markets, he said.

As energy-rich Gulf states see their finances hammered by the collapse in oil prices and the coronavirus (aka COVID19 or Chinese Plague)
Posted by: trailing wife 2020-08-21
http://www.rantburg.com/poparticle.php?ID=580146