Expenditure
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Kuwait Govt Plans To Cut State Expenditure By 25 Percent02 March 2016Kuwait’s government has revealed plans to cut state expenditure by 25 percent in the state budget. The plans were discussed in a meeting between the government and the N...40 Percent Rise In Fourth-quarter Net Profit24 January 2017National Bank of Kuwait (NBK), the Gulf Arab state's largest commercial lender, posted a 40 percent rise in fourth-quarter net profit, according to Reuters' calculations, a...Kuwaitis Do Not Plan Well For Their Expenditure Outside The Country During Summer Vacation And Public Holidays28 February 2017Kuwaitis do not plan well for their expenditure outside the country during summer vacation and public holidays, which is reflected in the rate at which they use credit cards to mak...Ministry To Ensure Tax Not Exploited For Pricing13 March 2017Deputy Prime Minister and Minister of Finance said his ministry will study the possibility of exempting some sectors from valued added tax (VAT) because of their importance, when s...Kuwaitis Take The Second Highest Position After The Saudis For Shopping09 June 2017When it comes to shopping in Turkish cities, Kuwaitis take the second highest position after the Saudis, reports Al-Qabas daily. Director of Global Blue Turkey Salim Sheikhoun reve...Kuwait Said To Mull 70bn Dollor Annual Spending Cap03 October 2017Kuwaiti officials are discussing a plan to cap public spending at an average of KD21 billion ($69.5 billion) a year over the next three fiscal years to help the government plan fut...Country Recorded A Deficit Of Kd 1.94 Billion In Its Budget17 October 2017The country recorded a deficit of KD 1.94 billion in its general budget in the first half of fiscal 2017/2018, reports Al-Rai daily quoting the monthly financial report released by...Audit Bureau Has Called On The Government To Impose New Taxes10 November 2017The Audit Bureau (AB) has called on the government to impose new taxes to increase the non-oil revenues by amending the tax laws to reform the state’s tax system saying an in...Kuwait Non-oil Growth Projected At 4 Percent In Medium Run - Imf16 November 2017Overall real GDP growth in Kuwait is expected to pick up over the medium term, according to the preliminary findings released by the IMF staff at the end of their visit (mission) t...Assistant Undersecretary For Public Account Affairs In The Moe Recommended Detailed Review Of Revenues11 December 2017Assistant Undersecretary for Public Account Affairs in the Ministry of Education Abdulghaffar Al-Awadi has recommended detailed review of revenues collected, outstanding revenues a...Kuwaitis Are Observing A Dangerous Phenomenon, Which Is Alien To The Country29 December 2017Kuwaitis are observing a dangerous phenomenon, which is alien to the country, in view of recent official statistics indicating some 17,000 citizens are currently unemployed; not co...Expenditure On Education In Kuwait Less Than Average Of Other Countries10 January 2018Results of a study conducted by the Secretariat General for Planning showed that expenditure on education in Kuwait is less than the average expenses of other countries, reports An...Expenditure For Fiscal 2018 - 19 Reaches 3.6 Pct In First Quarter17 August 2018The first quarter follow up report on the annual plan for fiscal 2018/2019 revealed the expenditure for this period reached 3.6 percent, approximately equal to that of the same per...Water, Power Bill Collection Seen To Up Expenditure24 January 2019The parliamentary Budgets and Final Accounts Committee said the manner by which the Ministry of Electricity and Water (MEW) collects outstanding payments is contributing to the inf...Government Seeks To Reduce Energy Expenditure By Providing Greater Investment For Renewable Energy01 March 2019As part of its policy to reduce public spending, the government seeks to reduce energy expenditure by providing greater investment for renewable energy, especially the one generate...