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KUWAIT CITY, Oct 10: In an official address, the Ministry of Finance informed all ministries and affiliated agencies to reconsider, when preparing the draft budget of 2022/2023, the fees for the services they provide and increase their value in proportion to their cost, reports Al-Anba daily. The Ministry of Finance also called for prioritizing construction projects and contracts, and postponing the unnecessary ones. In this regard, each ministry and government entity was informed of the approved budget limit, because the current financial situation of the state requires the need to set spending limits for all government agencies, with an emphasis on the need to adhere to the specified limit so that the submitted projects would not be rejected.
The Ministry of Finance has set October 14 as the deadline for submitting budget proposals for projects. In an official statement, the Acting Undersecretary of the Ministry of Finance Aseel Al-Saad Al-Munifisaid the attached ministries and agencies should estimate the number of new appointees required, as well as the end-of-service benefits for non-Kuwaiti employees, and include them in the draft budget with commitment to the estimate after the adoption of the budget. Al-Munifistressed the need to commit to the ministerial Resolution No. 37/2021 regarding the framework of the national partnership between Kuwait and the World Bank 2021- 2025 and its terms of reference regarding research, studies and consultations.