Latest News
- Kuwait-Jordan Durra Field Joint Statement Rejected By Iran
- GTD Cracks Down On Vehicle Noise Pollution In Sulaibiya
- Mystery Of Dead Fish At Shuwaikh Beach Sparks Urgent Action
- MEW To Complete Links With The Interior And Justice Ministries B...
- 8 Expats Jailed For Bribing An Officer To Obtain Driver's Licens...
- Weekend Weather Is Expected To Be Hot
- From Tomorrow, Traffic Diversion On Third Ring Road
- Ministry Of Health Refute Rumors On Non-availability Of Antibiot...
- Amir Of Kuwait And Jordan King Renew Commitment To Regional Secu...
- 37 Arrested With Narcotics And Firearms
- Outrage Over Candidate's Arrest
- Six Stores Shut Down In Jahra For Selling Fake Goods
World Bank Has Cautioned Against The Government Backing Down From The Economic Reform Plans
The issue of financial and economic reform raised by the government in March 2016 resurfaced again to become the prime issue causing disagreement and prompting deliberations at the joint meeting held by the Parliamentary Finance Committee and the delegation of World Bank financial experts and officials.
According to projection of the International Monetary Fund (IMF), individual share of citizens from the local production (GDP), which was KD 7,700, has dropped to almost KD 5,000.
World Bank has cautioned against the government backing down from the economic reform plans or approving bills that contradict government’s direction announced to achieve the reform, and doing so may be risky for the budget while having untoward implication on the revenues and expose it to exhaustion.
Deputy Prime Minister and Minister of Finance Anas Al-Saleh and Central Bank Governor Dr Mohammad Al-Hashil were part of the meeting. The minister stated the document was not built on real studies or actual figures, according to what MPs Saleh Ashour and Riyadh Al-Adsani revealed, and the information has since sparked the interest of other lawmakers who now wish to discuss blowing off the document and anticipating its replacement
Â
SOURCE : ARABTIMES
Trending News
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Two Expats Are Arrested For Stealing From Salmiya...
17 April 2024
-
Kuwait Airways Resumes Flights To Beirut And Oman...
15 April 2024
-
Temperature Increases Cause Electricity Load Index...
21 April 2024
-
Thief Returns Stolen Money With An Apology Letter...
15 April 2024
-
3 Expats Caught In Salmiya With 213 Bottles Of Loc...
23 April 2024
-
Ministry Of Interior Denies Social Media Rumors Re...
13 April 2024
Comments Post Comment