State Audit Bureau To Brief Cabinet On 2017-18 Budget Review

07 November 2018 Business

The State Audit Bureau will attend an upcoming Cabinet session to discuss its 2017-18 fiscal review into the budgets of state institutions amid efforts to boost transparency and fight corruption.

At their weekly session, ministers decided to invite the bureau’s acting chief Adel Al-Saraawi to discuss the report in detail, and to make the necessary arrangements in response to its recommendations. It is the first time that this action will be taken amid aims to safeguard public funds and support efforts to improve transparency and tackle corruption.

The Cabinet later discussed the recent developments on its ‘New Kuwait’ 2035 national development plan, which includes numerous projects. Briefing them on the 2018-19 fiscal year first quarter was Minister of Social Affairs and State Minister for Economic Affairs Hind Al-Sabeeh.

The report highlighted the implementation of strategic projects, legislative requirements and challenges that may face these projects. It also presented recommendations set forth after assessments carried out by firms tasked with executing these projects. The Cabinet praised the report’s contents, which will later be referred to the parliament.

The ministers were also briefed on a separate report discussing state reforms to improve the country’s business environment and competitiveness standards. Minister of Commerce and Industry Khaled Al-Roudhan discussed the details of the World Bank’s Ease of Doing Business annually-compiled data on Kuwait, which showed improvements on several sectors

 

SOURCE : ARABTIMES

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