Kuwait considers $6 billion consumer debt bailout
In the latest debate over how to handle high debt levels, Kuwait is considering a $6 billion consumer debt bailout of Gulf citizens who have violated the region's strict debt laws, which occasionally results in jail time.
Kuwait is likely to post a healthy budget surplus of up to 21 billion dollars this fiscal year on the back of higher oil prices, a local bank said on Wednesday, although the government has projected a huge deficit.