Wednesday , October 18 2017

Citizens to be given opportunity to subscribe in projects worth billions

KUWAIT CITY, Feb 5: Deputy Prime Minister and Minister of Finance Anas Al-Saleh says his ministry usually carries out comprehensive review of the economic and financial reform document in order to expand estimation indexes, follow up the level of accomplishment and hold the underperformers accountable, reports Al- Anba daily.

In an interview with the daily, the minister explained that proceeding with the procedures of the economic and financial reform document requires enactment of laws which need the approval of the parliament. The new amendments take into consideration the recommendations submitted by the civil society organizations. Regarding the comprehensive budget of the government, Al-Saleh said it will provide an opportunity for citizens to subscribe in projects worth billions of dinars. He affirming that the ministry has accomplished many reforms, revealing that the budget deficit has been reduced by 18 percent due to several factors not just the subsidies.

Al-Saleh indicated that the performance of the Kuwaiti bourse reflects on the economy of the market and the power of demand and supply, stressing that the role of the sovereign wealth fund will be positive in the coming period. He also affirmed that the national fund will continue to play its role in stabilizing the market. Regarding the prices of fuel, the minister indicated that the government has no intention currently to increase the fuel prices.

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