Limit spending to at least 10%
KUWAIT CITY, Aug 17: Kuwait’s Cabinet has instructed all state bodies to limit spending to at least 10 per cent as part of plans to address the country’s budget deficit, ministers agreed on Tuesday. The measures also call to limit spending on local and internationally-held functions and exhibitions, travel expenses pertaining to overseas training, foreign missions and medical treatment for nationals alongside a steps to ensure due debts to the state are collected.
The move also includes the revision of incentives granted to leading officials employed at state bodies and rent prices for state-owned real estate and land, Deputy Prime Minister and Defence Minister Sheikh Hamad Jabel Al-Ali Al-Sabah said after ministers held their weekly Cabinet session. Additionally, the Public Authority for Manpower was instructed to assess whether to halt providing financial incentives to privatelyemployed nationals, whose wages exceed KD 3,000. (KUNA)
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