‘Not possible to cut expenditure’

This news has been read 17398 times!

KUWAIT CITY, Aug 19: Economic sources told the Al-Rai daily that they are not optimistic about saving about 10 percent in the current fiscal budget, citing what happened during the last fiscal year, when the Council of Ministers directed government agencies to reduce expenditures by 20 percent, i.e. 4.5 billion dinars. In the end, only 4.2 percent of the total expenditure was reduces, about 945 million dinars.

The sources explained with the exception of the Cabinet assigning the Public Authority for Manpower (PAM) to study the possibility of stopping employment support for those whose salaries are 3,000 dinars and above, it is difficult to prejudice the salaries and subsidies expenses, which is about 16.5 billion, dinars which constitutes about 72 percent of the budget expenditures of the current fiscal year, which is 23.048 billion dinars.

This news has been read 17398 times!