Kuwait's Government Spending On Development Projects Has Declined Over The Past 13 Years

Official figures issued by government agencies revealed a significant decline in government spending on development projects included in the budget of various institutions, as the total expenditure on these projects, despite the passage of more than 11 months since the beginning of the current fiscal 2022-2023, amounted to about 338 million dinars only out of a total of 1.3 billion dinars that had been allocated to these projects, with an expenditure rate of only 26%, which is the lowest in 13 years. There are 128 development projects planned for the current fiscal year, most of which are in the implementation phase (59 projects), while there are 53 projects still in the preparation phase, and 6 projects that have not yet started, while the total number of projects in the delivery phase is only 10.

Despite the decrease in the number of projects planned for implementation during the current fiscal year compared to previous years, and the decrease in the total financial allocations set aside for this purpose, the concerned authorities were unable to achieve the required achievement in the implementation of these projects, which is reflected in the numbers of government spending indicators.

Al-Qabas prepared a special statistic that indicated the total budget allocated to development projects decreased from 5.6 billion dinars in 2010-2011 to 1.3 billion dinars in 2022-2023. This was also evident in exchange rates, as real project expenditures reached 3.1 billion dinars in 2010-2011, at a 61% rate, but reached less than 26% only in the current fiscal year, with a total expenditure of 338 million dinars.

In a previous government report that monitored the key indicators of development projects, the constant change in government agencies was cited as one of the main obstacles to implementing development plans. Legislative, executive, administrative and financial factors have all contributed to a decline in completion rates for development plan projects.

 

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