Kuwait's finance minister, Mustapha al-Shamali has said that the country's spending in the 2010/2011 fiscal year will be around KD16bn ($55.6bn), Reuters has reported. Shamali had previously said Kuwait was expected to spend KD12bn to KD15bn in its 2010/11 budget. Spending for the current 2009/2010 fiscal year is envisaged at around KD12bn.