KD1m spent on subsidies/day in Kuwait

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KUWAIT CITY, Jan 7: Data released by the Ministry of Commerce and Industry reveals that the government, on average, expends one million dinars per day on subsidies for food and construction materials, as well as milk and children’s nutrients, reports Al-Anba daily. The statistics show that monthly spending on supporting food and construction materials from January to the end of October 2023 amounted to approximately 315 million dinars. This reflects a 21% increase compared to about 261 million dinars for the same period in 2022, totaling about 54 million dinars during the first 10 months of 2023 (covering around 304 days).

Breaking down the expenditure, support for food supplies constituted 38% of spending, reaching 119 million dinars, with an average daily spending of about 392 thousand dinars. Notably, July saw the highest monthly spending at approximately 14.9 million dinars, followed by January with 14.24 million dinars, May with 13.9 million dinars, and September with 13.5 million dinars. Support for milk and child nutrition accounted for about 3.5% of the total expenditure on supply support, totaling 11.2 million dinars during the first 10 months of 2023. The average daily spending on these materials amounted to 37 thousand dinars.

Highest
January recorded the highest spending on these materials at 1.8 million dinars, followed by July with 1.37 million dinars, and September with 1.29 million dinars. Support for construction materials constituted 58.6% of the total spending on supply support, totaling 184.54 million dinars. Daily spending in this category averaged 607 thousand dinars. In April, the highest monthly spending on these materials was recorded at 28.3 million dinars, followed by January with 24 million dinars, and October with 22.5 million dinars. beneficiary transactions recorded about 275.5 thousand additions, updates, and deletions during the first 10 months of the current year.

Addition transactions accounted for 83% of the total, totaling 228.4 thousand transactions, while deletion transactions constituted 15%, totaling 41.4 thousand transactions. Update transactions recorded approximately 5763 transactions. The number of ration cards increased by about 6,590 cards during the first 10 months of 2023, reaching 261,197 thousand ration cards at the end of October, compared to 254,607 thousand cards at the end of December 2022. On an annual basis, this represented an increase of 8,050 ration cards compared to 253,147 thousand cards at the end of October 2022. The total number of card transactions during the first 10 months of the current year reached approximately 16,778 thousand transactions. Renewal transactions constituted 53% of the total, with 8,856 transactions, while issuance transactions accounted for 44%, totaling 7,434 transactions. Cancellation transactions recorded about 488 transactions.

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