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Wednesday , November 21 2018

Tag Archives: budget

‘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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‘Dev plan blessing ahead of budget unprecedented’

KUWAIT CITY, Nov 9, (Agencies): A leading strategist said that the recent adoption of the 2016-2017 development plan ahead of the projected budget was an unprecedented step, noting that the plan is distinguished “with a lot of new features necessary for continuous planning development.” Suad Al-Awadh, the director of the …

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Kuwait’s Citizens Budget for FY 2015/16 released

KUWAIT CITY, Oct 4: Ministry of Finance recently released the Citizens Budget for fiscal year 2015/2016, which targets educating Kuwaiti citizens on the government’s overall revenues and expenditures. This, in turn, will enable citizens to have a better picture and understanding of State of Kuwait’s most pressing fiscal issues. It …

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Kuwait budget deficit hits KD 1.094 bln – IMF urges reform

DUBAI, Sept 22, (Agencies): Kuwait’s budget deficit in the first five months of its fiscal year stood at KD 1.094 billion ($3.62 billion) after a deduction for the Future Generations Fund, the finance ministry said on Tuesday in a statement carried by Kuwait News Agency. The deficit from April 1 …

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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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