Government Capital Spending Stands For 40% Of The Allocated Money.

The Kuwaiti government's financial stewardship during the initial nine months of the fiscal year 2023-2024 is marked by prudent capital expenditure management, coupled with significant legislative developments.

Official data from the Ministry of Finance reveals that the government has exercised caution in its capital expenditures, ensuring spending remains within 40% of the allocated budget. Out of the 1.8 billion dinars earmarked for capital projects, approximately 715 million dinars have been utilized, as reported by Al-Qabas daily.

While capital spending remains controlled, the bulk of government outlays has been directed towards current expenditures, covering essential areas such as salaries, subsidies, and operational costs. Over the same period, approximately 16.4 billion dinars were disbursed out of the allocated 24.4 billion dinars for current expenditures, reflecting a utilization rate of 60%.

Furthermore, expenditures on workers' compensation totaled approximately 6.1 billion dinars out of the allocated 9.8 billion dinars, representing a spending rate of 62.9%.

In legislative updates, the decree governing the 2024 National Assembly elections, published in the Official Gazette, introduces stringent penalties for electoral misconduct. Individuals found guilty of deceiving voters through any media or publication could face imprisonment for up to five years, alongside fines ranging from two thousand to five thousand dinars.

Similarly, clandestine attempts to influence voters through illicit means, such as offering bribes or inducements via letters, phone calls, or intermediaries, are subject to legal consequences. Such actions could sway voters or discourage participation, with penalties outlined in the decree.

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