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Tag Archives: budget deficit

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 agencies after studying them thoroughly, says Committee Chairman MP Adnan AbdulSamad. Disclosing the total budget of these agencies has been reduced by KD 53 million, …

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Find realistic solution to issue of ‘budget deficit’ – Farwaniya to implement contracts

KUWAIT CITY, April 10: In the wake of opposition met by the proposals and draft laws presented to increase electricity and water tariff, some lawmakers have disclosed the importance of finding a realistic solution to the issue of deficit in the general budget and contribute to preserve consumption and expenditure, …

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State budget deficit at 64% … MPs mull solutions – Economic reforms key

KUWAIT CITY, Feb 7: The State budget deficit has reached 64 percent thus efforts at various levels must be exerted to remedy the Kuwaiti economy, a higher authority affirmed on Sunday. Nasser Al-Roudhan, Chairman of the Economic Development Committee at the Supreme Economic Planning Council, indicated in a statement at …

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‘Finance’ seeks appropriate solutions to budget deficit – MoE refutes rumors on fee hike by American schools

KUWAIT CITY, Dec 30: The Ministry of Finance is studying the possibility of reviewing 5,000 services to identify the cost and fees as a prelude to adding them to the plan to regulate expenditures, reports Al-Shahed daily quoting reliable sources. Sources disclosed the budget deficit reached KD 6 billion, while …

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Experts express anger over IMF proposal to rectify budget deficit

KUWAIT CITY, Sept 23: Academics and politicians have expressed resentment on the economic reform procedures the International Monetary Fund (IMF) has proposed to rectify the deficit in Kuwait’s general budget, adding “any idea to lift subsidies from the basic commodities such as water, electricity, and petrol is out of the …

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