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Tag Archives: budget deficit

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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MP calls on govt to resign over failure to address budget deficit

KUWAIT CITY, Aug 25: MP Hamdan Al-Azmi has asked the government to resign for failing to address the budget deficit, putting additional financial burdens on …

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Deficit ends 16 years of surplus – Shortfall totals KD 4.6bn

KUWAIT CITY, Aug 9, (AFP): Lower oil prices have pushed Kuwait into a rare budget deficit, ending 16 straight years of surpluses for the energy-rich …

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‘Sunday’s Assembly session to announce actual budget deficit’

KUWAIT CITY, June 30: Deputy Premier, Minister of Finance and acting Minister of Oil Anas Al-Saleh revealed the actual budget deficit will be announced in …

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MPs ‘finalize’ 12 reduced budgets

KUWAIT CITY, June 2: The parliamentary Budgets and Final Accounts Committee, in coordination with the Ministry of Finance, finalized the budgets of 12 independent government …

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