Tag Archives: budget

MPs finalize more budgets

KUWAIT CITY, June 21: The Parliament, in its special session on Tuesday, approved the budgets and final accounts of four government institutions for fiscal 2016/2017 as follows: Public Authority for Youths (PAY), Public Authority for Food and Nutrition (PAFN), Kuwait National Petroleum Corporation (KNPC) and Kuwait Investment Authority (KIA). In …

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MPs wrestle with state budget cuts – Legislators press for 20% reduction

KUWAIT CITY, May 23: The Parliamentary Budget and Final Accounts Committee discussed Monday the estimated budgets of ministries and other government departments for fiscal 2016/2017, in the presence of Finance Minister and acting Oil Minister Anas Saleh. Committee Chairman MP Adnan AbdulSamad said they looked into the ability of Finance …

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KD 22bn budget deficit for 3 years seen

KUWAIT CITY, March 22, (KUNA): Kuwait’s state budget is expected to have a deficit of around KD 22 billion for the next three years as a result of plummeting oil prices, Deputy Premier and Finance Minister Anas Al-Saleh said on Tuesday. In a speech during a national conference on priorities, …

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Speaker presides at budget talks – Panel tackles economic situation

KUWAIT CITY, March 3: Parliament Speaker Marzouq Al-Ghanim on Thursday presided over the Finance and Economic Affairs Committee meeting, during which the panel members and other concerned officials discussed a number of issues related to the current economic situation and ways to address the budget deficit. Besides the committee chairman …

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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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‘No solution to budget deficit’

KUWAIT CITY, Jan 31: The Supreme Council for Planning called the attention of the Government, specifically the Ministry of Finance, about the budget deficit after the release of a report confirming that the budget for fiscal 2016/2017 does not include any solution or serious procedure to address the deficit, reports …

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Cabinet approves ’16-’17 draft budget – Revenue assumes $25 price for oil

KUWAIT CITY, Jan 28, (Agencies): His Highness the Prime Minister Sheikh Jaber Mubarak Al-Hamad Al-Sabah presided over a joint meeting of the Cabinet and the Supreme Council for Planning and Development (SCPD) at Al-Saif Palace on Wednesday. The meeting discussed a report by the SCPD economic development committee on the …

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Govt mulling alternatives to rein in budgetary expenses – ‘Repricing some commodities to curb misuse’

KUWAIT CITY, Jan 26, (KUNA): The government is currently immersed in studying alternative economic approaches to dealing with reining in national budgetary expenditure, said Tuesday Minister of State for Cabinet Affairs and Acting Minister of Electricity and Water Sheikh Mohammad Abdullah Al- Mubarak Al-Sabah. The government is looking at repricing …

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MPs laud Amir-ordered cut to Diwan budget – Others should follow

KUWAIT CITY, Jan 18: Lawmakers have lauded the directive issued by HH the Amir Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah to reduce the budget of the Amiri Diwan, calling on all ministries and other government institutions to follow in the footsteps of the Amir considering the current economic situation. MP …

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‘Deficit’ in state budget said starting to hit some ministries – Move to reduce severe imbalance in population structure

KUWAIT CITY, Nov 14: The deficit in the state budget is starting to affect some ministries particularly Ministry of Interior and Ministry of Defense, even though the government and Minister of Finance Anas Al-Saleh reassured that the country’s financial situation is stable and that no development projects will be halted …

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