Government Agencies Have Completed 25 Percent Of The Given Task, Save 616 Million Dinars
Category: Kuwait
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Government institutions have met about 25% of the target to reduce expenditures during current 2021/2022 fiscal budget.

So far the government institutions have saved about 616 million dinars, or about 25% of 2.3 billion dinars target as part of measures to contain depletion of liquidity in the general reserve and find solutions to remedy the public budget deficit.

Informed sources told Al-Rai that “the money saved so far include 471.134 million dinars in reduction of exchange, 125.45 million by prioritizing construction projects and postponing others which are termed ‘unnecessary’, about 9.937 million by halving the expenses of research and consultancy studies, in addition to slashing approximately 4.751 million dinars from non-essential services contracts or 50% of the approved item, which includes printing, protection, security, cleaning services, messengers, hotel, data entry services, printing, hospitality, parties, trips, advertisements and gifts, and 2.532 million in reduced participation in all local and foreign exhibitions and conferences which are reduced to half from the approved budget for 2021/2022, and finally, approximately 1.581 million dinars or 50 percent reduction of official duties.

The sources indicated “with regard to reconsidering raising fees for government services, based on the opinion of the Fatwa and Legislation Department of the Council of Ministers, the body authorized by law to do so, it can be done based on the actual cost of the service provided by the state or the public servant, for each case separately and in accordance with the provisions of the law that imposed the fee.

 

 

SOURCE  TIMESKUWAIT

02 Nov, 2021 143
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