Kuwait Said To Mull 70bn Dollor Annual Spending Cap
Category: Kuwait
kuwait-said-to-mull-70bn-dollor-annual-spending-cap_kuwait

Kuwaiti officials are discussing a plan to cap public spending at an average of KD21 billion ($69.5 billion) a year over the next three fiscal years to help the government plan future debt sales, according to a senior government official.

The spending cap is being included in a proposed budget for the fiscal year that starts in April, the official said on condition of anonymity because he isn’t authorized to discuss the plans.

Total expenditure for the current fiscal year is estimated to reach KD19.9 billion, the official said.

Finance Ministry officials didn’t immediately respond to requests for comment.

Oil-rich Kuwait raised $8 billion in March in its first sale of international bonds, joining other members of the Gulf Cooperation Council seeking to plug rising budget deficits after the slump in crude prices.
;
Parliament is also studying a government proposal for a new debt law that would allow for the sale of 30-year bonds for the first time. The draft raises the debt ceiling to 25 billion dinars from 10 billion dinars in the law that expired earlier this year.

Ministries and government departments have been instructed to submit a list of top spending priorities for the 2018-2019 budget, the official said. The government must submit the 2018-2019 budget to the parliament by January 31 for a vote.

SOURCE : ARABIANBUSINESS

03 Oct, 2017 0 476
Posted Comments
Popular News
crime-news-filipina-domestic-losses-life-in-kuwait-following-alleged-bad-treatment-of-employer-cucumber-was-also-found-inside-her-private-part_kuwait
Filipina Domestic Losses Life In Kuwait Following Alleged Bad Treatment Of Employer, Cucumber Was Also Found Inside Her Private Part KUWAIT CITY, May 16: Officials in the Philippines have called on the Kuwaiti government to investigate the apparent murder of a Filipino domestic worker, who was allegedly beaten to death and sexually... May 17, 2019 0 36932 Category: Crime News
international-saudi-shoots-down-2-missiles-heading-towards--jeddah--makkah-_kuwait
SAUDI SHOOTS DOWN 2 MISSILES HEADING TOWARDS JEDDAH & MAKKAH Saudi Arabia's air defense forces shoots down two missiles heading towards Makkah and Jeddah fired by Iran backed Houthis in Yemen as per the report of Al Arabiya news. The report said the ball... May 21, 2019 0 16472 Category: International
kuwait-possibilities-of-war-in-the-region-are-high--precautionary-measures-in-kuwait_kuwait
Possibilities Of War In The Region Are High - Precautionary Measures In Kuwait KUWAIT CITY, May 16: Recent developments have been alarming and the government thinks the possibility of war in the region is high, taking into consideration the Amiri instructions for the leadership ... May 17, 2019 0 6213 Category: Kuwait
kuwait-49-evacuation-shelters-have-been-allocated-in-various-schools-in-the-six-educational-districts_kuwait
49 Evacuation Shelters Have Been Allocated In Various Schools In The Six Educational Districts A total of 49 evacuation shelters have been allocated in various schools in the six educational districts, reports Al-Rai daily quoting sources. Sources confirmed these shelters have been provided ... May 20, 2019 0 3533 Category: Kuwait
international-soheil-was-sentenced-to-death-for-his-facebook-post-against-prophet-muhammad_kuwait
Soheil Was Sentenced To Death For His Facebook Post Against Prophet Muhammad Soheil Arabi, a thirty-year-old man was sentenced to death by Iran's Supreme Court in crime for his Facebook posts that were linked to his profile. These posts were deemed to insult The Holy Proph... May 18, 2019 0 3469 Category: International
filipinos-total-deployment-ban-sa-kuwait-hirit-ng-ilang-ofws-sa_kuwait
Total Deployment Ban Sa Kuwait, Hirit Ng Ilang OFWs Sa Hinihiling ng ilang overseas Filipino workers (OFW) sa pamahalaan na magpatupad ng total deployment ban sa bansang Kuwait dahil patuloy pa rin daw ang pagpatay at pagmamaltrato ng mga among Kuwaiti sa... May 18, 2019 0 3254 Category: Filipinos
crime-news-young-vip-kuwaiti-attacked-by-an-indian_kuwait
Young VIP Kuwaiti Attacked By An Indian A 20-yearold Kuwaiti (VIP) living in Messilah and working for the Ministry of Defense has filed a complaint with the police accusing an Indian accompanied by a compatriot believed to be in his 60s of ... May 16, 2019 0 3224 Category: Crime News
kuwait-state-security-vigilant-to-face-repercussions-of-the-current-regional-situation--expats-can-leave-the-country-any-time_kuwait
Expats Can Leave The Country Any Time National security is stable and the Interior Ministry units, especially the State security system, are vigilant and ready to face repercussions of the current regional situation, reports Al-Anba daily... May 20, 2019 0 3106 Category: Kuwait
kuwait-kuwait-emir-sheikh-sabah-al-ahmad-al-jaber-al-sabah-calls-army-to-prepare-for-regional-developments_kuwait
Kuwait Emir Sheikh Sabah Al Ahmad Al Jaber Al Sabah Calls Army To Prepare For Regional Developments Kuwait’s Emir Sheikh Sabah Al Ahmad Al Jaber Al Sabah on Monday evening called on the country’s armed forces to take the highest level of caution amid the “dangerous developments&rdq... May 18, 2019 0 2914 Category: Kuwait
kuwait-huge-crowd-at-paci-office--expats-paying-for-mistakes-of-employees_kuwait
Huge Crowd At PACI Office – Expats Paying For Mistakes Of Employees In contrast to the desired objective of the decision to cancel the residence sticker on the passport which was implemented March 10, 2019, it appears the decision has failed to eliminate bureaucracy a... May 16, 2019 0 1284 Category: Kuwait
View All
Popular Offers
850-fils-and-1-kd-offers in kuwait
850 Fils And 1 Kd Of...
ramadan-kareem-4 in kuwait
Ramadan Kareem 4
ramadan-kareem-offers in kuwait
Ramadan Kareem Offer...
the-sultan-center-offers-13 in kuwait
The Sultan Center Of...
ramadan-special-offers- in kuwait
Ramadan Special Offe...
Popular Events
04 Jun, 2019
0
119
Category : Other
04 Jun, 2019
0
104
Category : Other
04 Jun, 2019
0
98
Category : Other
17 May, 2019
0
96
Category : Music
20 May, 2019
0
75
Category : Food & Drink
Kuwait Local News
Kuwait News
Crime News New Rules Entertainment
Entertainment