Tuesday , September 25 2018

Tag Archives: subsidies

Gulf states begin to tackle subsidy reform

KUWAIT CITY, Sept 28:  For decades, GCC countries have had some of the world’s most generous energy subsidies. With oil prices reaching new lows, authorities are increasingly turning to subsidy reform to help reduce large fiscal deficits.  The cost of GCC energy subsidies have long been perceived as unsustainable in …

Read More »

Minister again denies rumors that govt intends to cancel subsidies

KUWAIT CITY, Sept 28: Minister of Commerce and Industry DrYusuf Al- Ali has denied the rumor that the government intends to cancel subsidies for citizens, clarifying the plan is to regulate procedures for granting such privileges to ensure they are given to rightful beneficiaries especially those with limited income, reports …

Read More »

‘Fuel subsidy cuts will harm low income, migrant workers’ – Wage reforms needed

KUWAIT CITY, Sept 23: In this week’s Arab Times online poll, readers weighed in on the issue of fuel subsidy reform in Kuwait with the majority of voters expressing concern that it would severely affect low income and migrant workers. In 2014, close to KD 4 billion, that constitutes 18% …

Read More »

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 …

Read More »
Translate »
Social media & sharing icons powered by UltimatelySocial