With world oil prices declining, Kuwait realized a budget deficit in 2015 for the first time more than a decade; in 2016, the deficit grew to 16.5% of GDP. Kuwaiti authorities announced cuts to fuel subsidies in August 2016, provoking outrage among the public and National Assembly, and the Amir dissolved the government for the seventh time in ten years. In 2017 the deficit was reduced to 7.2%.
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Where is Kuwait located on the world map? Of course, Kuwait is a small sovereign Arab nation but it is well know country located in the northeast of the Arabian Peninsula in Western Asia. It shares its international boundary with Saudi Arabia in the south and Iraq in the north. However, its eastern and south-eastern extension is limited by the Gulf (Persian Gulf). The name Kuwait is not given.
The World Tourism Organization reports the following ten countries as the most visited in terms of the number of international travellers in 2013: France ,USA, Spain, China, Italy, Turkey, Germany, United Kingdom, Russia, Thailand. Many leisure-oriented tourists travel to seaside resorts at their nearest coast or further apart. Coastal areas in the tropics are popular both in the summer and.
