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Kuwait Govt Submits Draft Law On Borrowing To Cover State Budget Deficit19 November 2017The government has submitted a draft law on obtaining loans from international and local financial institutions to address the State’s budget deficit, says Rapporteur of Fina...Govt Should Not Borrow To Finance Budget Deficit09 August 2018The State Audit Bureau recommends that the government should not borrow for financing the budget deficit, and should instead opt for capital projects, provided it develops a longte...Kpc Requests To Borrow From Financial Institutions04 December 2018The Council of Ministers has instructed the Ministry of Finance, specifically the Public Debt Management Committee, to study the request of the Kuwait Petroleum Corporation’s...Kpc Gets Go Ahead To Borrow Kd16 Bln19 April 2019The Kuwait Petroleum Corporation (KPC) has got the approval of the Council of Ministers during the first deliberation to proceed with the financing of its strategic plans by borrow...Cabinet Approves Kpc To Borrow From Various Institutions To Finance24 April 2019The Cabinet has approved Kuwait Petroleum Corporation (KPC) to borrow from various institutions to finance its investment programs during the next five years, KPC said Tuesday....Should Kpc Borrow Money Or Sell Some Of Its ‘assets’?17 November 2019THE ongoing internal debate is whether to borrow money from outside financial institutions or sell some of the KPC’s K-companies and try to finance its needs internally, ther...Kuwait Has No Choice But To Borrow To Tackle Deficit – Audit Bureau06 November 2020Kuwait’s State Audit Bureau said the government has no choice but to borrow to plug a growing deficit, but that it must do so alongside implementing economic reforms. The...