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Kuwaiti officials are considering an annual public spending cap of 21 billion dinars ($69.5 billion) on average over the next three fiscal years to help the government plan future debt sales, a senior official said.Its Parliament is also studying a draft debt law that would allow the sale of 30-year bonds for the first time, and raise the debt ceiling to 25 billion dinars from 10 billion dinars in the current legislation.Kuwait's government is aiming to cut its budget deficit to 3 billion dinars by 2021 from 6.6 billion dinars currently, excluding money set aside for the Future Generations Fund, the official said.
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