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‘Finance panel’ due to meet to discuss economic reforms – Prepaid electricity card system eyed

KUWAIT CITY, Feb 13: The Parliamentary Finance Committee is due to hold a meeting Sunday to discuss Economic Reforms in the presence of the Deputy Prime Minister, Minister of Finance and acting Minister of Oil Anas Al-Saleh, reports Al-Jarida daily. Others attending the meeting include the concerned financial reform agency, head of economic committee at the Supreme Council for Planning and Development, and State Audit Bureau.

In a statement, head of the Parliamentary Finance Committee MP Faisal Al-Shaya said the committee recently sent invitation to concerned officials and agencies to attend the first meeting, which will discuss expansively the proposed decisions and laws concerning financial reforms.

MP Al-Shaya added the committee has requested government to provide the initial steps toward finding other alternatives for generating income besides oil, and to provide the committee with a list of projects designated for privatization and the estimated returns, in addition to the projects designated for partnership with private sector. He indicated the committee will ask for refined data on some issues and hold the second meeting to continue this discussion next Saturday, noting the committee will have open meetings henceforth in order to complete its final report as mandated by the council.

He pointed out that law will be instituted for the prepaid electricity card system and the majority of procedures will be endorsed, noting the council will go through the content of decisions before approval. Meanwhile, the Parliamentary Legislative Committee will open the issue concerning judicial and arbitrary file in its meeting to be attended by the Minister of Awqaf, Islamic Affairs and Justice Yaqoub Al-Sanae. The daily quoting sources said Al-Sanae might present the government project concerning the same issue.

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