Kuwaits Foreign Aid Exceeds KD 177b Over 10 Yrs
Category: Business

The total foreign aid and subsidies provided by Kuwait to countries all over the world is said to have exceeded 1.77 billion dinars over the past ten years (2008/2009 to 2018/2019), with an annual average of 177.7 million dinars, in addition to the assistance provided by the Kuwait Fund for Arab Economic Development, reports Al-Qabas daily.

Statistics show the fiscal years 2012-2013 and 2014-2015 accounted for 42 percent of the total aid over the 10 years, amounting to 743 million dinars of which 419 million was in 2014/2015, ranked highest in terms of aid for that particular fiscal year. The statistics also show the fiscal 2017/2018 was ranked last with 3.6 million dinars, compared to 112.6 million in 2018/2019, which jumped in the last year by a very high percentage point compared to the previous.

The Minister of Finance, Dr Nayef Al-Hajraf, in response to a question by MP Thamer Al- Suwait said, “the ministry implements the resolutions of foreign aid and subsidies provided by Kuwait to brotherly and friendly countries in accordance with the decisions of the Council of Ministers.”

15 Mar, 2019 0 49
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