Sunday , September 23 2018

Tag Archives: budget

‘Finance’ urges all state bodies and ministries to avoid exceeding budget

KUWAIT CITY, Aug 4: Ministry of Finance stressed the importance for all state bodies and ministries to avoid exceeding the allocated budgets as part of the rationalization policy adopted by the government, reports Al-Rai daily. The ministry declared to all public institutions and ministries via a circular that the public …

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Finance places revival of budget transformation as its ‘top priority’

Work of drafting new law finalised KUWAIT CITY, July 30: Minister of Finance Nayef Al-Hajraf disclosed that the ministry has placed on top of its priorities the revival of budget transformation from bonds and clauses to programs and performance, especially as the current method of preparing budget constitutes an impediment …

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Budget hike tied to arrears in some ‘educational institutions’ of PAHA

Annual budget ranges from KD 29m to KD 31m KUWAIT CITY, July 18: Deputy Director General of the Education and Rehabilitative Services Section in the Public Authority for Handicapped Affairs (PAHA) Anwar Al-Answari said the usual annual budget for the Educational Sector in the authority ranges from KD 29 million …

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‘Kuwait currently has 178b in assets’

KUWAIT CITY, June 28: The State currently has KD 178 billion in assets compared to the previous fiscal year that ended on March 13, 2017 during which KD 166 billion was recorded, indicating 7 percent increase in assets, reports Al-Qabas daily quoting financial sources. The same sources expressed satisfaction on …

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MPs okay final accounts

KUWAIT CITY, May 29: The National Assembly on Tuesday approved the reports of the Budgets and Final Accounts Committee on the 2016/2017 final accounts and 2018/2019 budgets of the Public Authority for Agricultural Affairs and Fish Resources (PAAAFR), Kuwait Fund for Arab Economic Development (KFAED), Kuwait Municipality, Public Authority for …

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Parliament approves budget panel’s report on Roads and Land Transport

KUWAIT CITY, May 16: The Parliament, in its regular session Wednesday, approved the report of the Budgets and Final Accounts Committee on the draft laws adopting the final account of the Public Authority for Roads and Land Transport for fiscal 2016/2017 and linking the authority’s budget for fiscal 2018/2019, in …

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‘Securing liquidity of reserve funds is vital in emergencies’

Panel to discuss linking ministries, govt bodies budgets KUWAIT CITY, May 12: Minister of Finance Dr Nayef Al-Hajraf said there is no alternative to increasing liquidity in the public reserve by issuing sovereign bonds through renewal of the sovereign bond issuance law, which is called the government’s authorization law to …

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Decree pleasing

ADJUSTMENT of relations between the private sector and the government — any government — is necessary for the revival of the local market. Based on this, King Salman bin Abdulaziz issued a royal order to register all delayed dues of suppliers and contractors within government agencies and to put urgent …

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PAM no longer dependent on state budget, says Al-Shihab

Almost 98 pc of people in Kuwait use Internet KUWAIT CITY, Feb 1: Revenues of the Public Authority for Manpower (PAM) in the 2017/2018 fiscal year exceeded KD 54 million, reports Al-Rai daily. In a press release, the Vice-Director for Human Resources and Financial Affairs at the authority Eng Khuloud …

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Ministry cuts down new budget by over hundred million dinars

KUWAIT CITY, Jan 17: With over 2,600 Public Authority of the Disabled employees no longer under the control of the Ministry of Social Affairs, the ministry has cut down its new budget on Chapter 1 (salaries and wages only) by over hundred million dinars, reports Al-Anba daily. The daily quoting …

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