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Thursday , April 25 2019

Tag Archives: budget deficit

KD 20b spending cap in ’18/’19 budget – ‘Kuwait reform budget also expansionary’

KUWAIT CITY, Jan 29: The Kuwait Ministry of Finance today announced the government’s proposed budget for the fiscal year 2018/2019. The budget sets the government’s …

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Panel nod on draft to borrow KD 25bn  – Proposal to raise financial assistance to private sector workers rejected KUWAIT CITY, Jan 7: The parliamentary …

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‘Govt warned against controlling the country’s economic sectors’

Deficit reaches almost KD 6b due to fall in oil prices KUWAIT CITY, Jan 7: The State Audit Bureau has warned the government against controlling …

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‘Budget allocated for Ministry of Education in fiscal ’18/19 not enough’ – ‘Salaries consume major part’

KUWAIT CITY, Dec 10: Ministry of Finance has allotted budget of KD 2.2 billion (about $ 7.2 billion) to the Ministry of Education for fiscal …

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Government submits draft law on borrowing to cover deficit – MP renews impound queries

KUWAIT CITY, Nov 18: The government has submitted a draft law on obtaining loans from international and local financial institutions to address the State’s budget …

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Reserves touched to offset budget deficit – ‘Law to raise loans in limbo’

KUWAIT CITY, Oct 18: Withdrawals from the public reserve fund are expected to increase this month and the coming months in order to cover the …

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Kuwait budget in deficit

KUWAIT CITY, Oct 16: The country recorded a deficit of KD 1.94 billion in its general budget in the first half of fiscal 2017/2018, reports …

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Parliament approves deficit budget – Assembly adjourns until October

KUWAIT CITY, June 8: Speaker of the National Assembly Marzouq Al-Ghanim confirmed Thursday the approval of the 2017/2018 State budget and the final accounts of …

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GMRP cuts cash for 1,652 Kuwaitis

KUWAIT CITY, May 31: The Government Manpower Restructuring Program (GMRP) has stopped the disbursement of labor support for 1,652 Kuwaiti male and female employees in …

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MP warns Kuwait net borrower in 10-12 years; Pay … pain

KUWAIT CITY, Aug 28: Kuwait will become a ‘borrowing’ State in the next 10 or 12 years in case the government uses the general financial …

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