Proposal submitted for State to buy Kuwaitis debts and Loans

KUWAIT CITY, July 15: MP Majid Al-Mutairi submitted a proposal for the State to buy debts and loans of Kuwaitis to be paid through longterm installments. In his proposal, the lawmaker indicated that the Constitution guarantees a prosperous life for every citizen; while official statistics revealed many Kuwaitis are suffering due to their financial situation and some cannot pay their loans and others are blacklisted so several families are crippled. Based on this, the MP proposed the following: “The State buys the debts and loans of citizens to be paid in symbolic amount through long-term installments.”

By Ahmed Al-Naqeeb Arab Times Staff