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Saturday , December 7 2019

Finance working to rationalize, control expenditures to tame budget deficit

MoE recovers KD 34m over four years

KUWAIT CITY, July 4: The Ministry of Finance is working on more than one level to rein in the expenditures and rationalize them to control the five-year budget deficit, reports Al-Rai daily.

While the procedures of the ministry included more than one side and government administration through a series of decisions and firm measures, the ministry is now taking into consideration the expenses of public hospitality, conferences and related issues.

According to informed sources, these events will be monitored by the ministry in order to control expenses and maximize the benefit from them, in parallel with ensuring the proper functioning of the mechanism of organization, and to receive guests of Kuwait to the desired level that is appropriate for the status of the state.

In order to achieve these goals, the proposals presented to the ministry include more than one point which says in the case of repeated bookings with a hotel, the reasons and justifications that led to this should be clarified.

This is in addition to requiring the government agencies to prepare a quarterly report of events in addition to providing the Ministry of Finance (the Department of Hospitality and Conferences) a copy of the report. According to the sources, the note in the proposed procedures, including the budgeted entities attached to the ministries and public administrations, unlike the old circular, which did not address the parties with the budgets attached.

The general provisions in this context were only seven, but their number according to new perceptions and proposals could almost double. Meanwhile, informed sources said the Ministry of Education (MoE) has recovered more than KD 34 million during the past four years from employees who were paid salaries or social allowances and travel tickets and others although they did not deserve them, reports Al-Qabas daily.

The sources told the daily the ministry serious about recovering all the money that was spent unjustly on employees, either through procedural and administrative errors or trickery and manipulation. Sources pointed out that the total expenses recovered during 2015 was 7.22 million, in 2016 more than 8 million and 11.144 at the end of 2017. Sources said that the revenues of the ministry in this section were KD 8.248 million, an increase of 17 percent over the estimated budget that is calculated from the average collection during the previous financial years.

In another context, the sources pointed out that the financial sector is in the process of developing a control of assets belonging to the MoE Finance Sector at the request of the Ministry of Finance, which addressed all state agencies to develop such monitoring.

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