Tuesday , October 24 2017

Proposal to raise power charges for chalets, farms and complexes – Sponsors asked to seek KD 250 refund for each worker

KUWAIT CITY, Jan 10: The Economic Affairs Committee in the Cabinet has asked the Finance Ministry to consider the study on the proposal to increase fees for electricity in chalets, farms and investment complexes, reports Al-Qabas daily quoting sources. Sources explained this is part of the proposed changes in the schedule of electricity fees without harming the citizens with limited income.

Meanwhile, sources disclosed the ministry intends to address the Cabinet regarding the bonuses granted to members of the boards of directors in governmental authorities as per the decision issued on May 20, 2015. Sources said the ministry has instructed all public institutions to review the current bonus system, taking into consideration the general budget of the State and the scheme on rationalizing public expenditures.

Meanwhile, the expenses of the Education Ministry tripled within 10 years – from KD 679 million in 2004 to KD 1.843 billion in academic year 2014/2015, reports Al-Qabas daily quoting sources. Sources disclosed the ministry’s statement of final account showed the difference in the value of expenses within 10 years amounting to KD 1,210,273,372 from 2003 to 2013. Sources also pointed out that the increase in expenditures does not reflect on the quality of education.

Sources said the amount allocated for salaries and bonuses in 2003 reached KD 360 million, compared to KD 1.5 billion in 2015. Sources added eight percent of the State budget is allocated for the educational sector. In another development, the Public Authority for Manpower has instructed the labor departments in all governorates to receive applications for refund of KD 250 guarantee paid by sponsors as financial insurance for each of their employees, reports Al-Shahid daily quoting sources. Sources revealed the amount to be refunded is estimated at KD 30 million, adding that bank receipts will be issued.

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