Monday , October 23 2017

Tag Archives: subsidy

High-earners may lose ration card ‘privilege’

KUWAIT CITY, Nov 28: In the process of streamlining expenditures to cover about KD 7 billion budget deficits, the Council of Ministers in a matter of days will begin to approve some economic procedures to support revenues. The procedures will include cutting down the rate of subsidies on oil products, …

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MP slams ministry for failure to control hike in goods rates – ‘KD 28,000 monthly salary and govt subsidy too’

KUWAIT CITY, Nov 24: MP Faisal Al-Kandari has criticized the Ministry of Commerce and Industry for its alleged failure to control prices of consumer goods, stressing the need for everyone to stand firm against the unjustified price hikes. He called for intensified efforts to control prices, especially since the Ministry …

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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 …

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