The Current Government Program Is Highlights Significance By Al-Shall

Al-Shall's weekly report underscores the significance of the current government's program in tackling Kuwait's economic and financial challenges. It highlights the government's recognition of the urgent need for reforms, particularly in managing public finances and combating corruption, as reported by Al-Qabas daily.

The report emphasizes the importance of diagnosing the root causes of economic issues and setting realistic targets to address them effectively. From a diagnostic perspective, it acknowledges the unsustainable nature of current financial and economic policies, highlighting risks associated with high public spending, declining GDP growth, and excessive reliance on oil revenue. Immediate action is urged to extinguish the "public finance fire" and implement structural reforms for fiscal balance restoration.

Regarding targets, the report applauds the government's focus on wise liquidity management, combating waste and corruption in public spending, and implementing a gradual tax system for revenue source diversification. It also stresses the significance of private sector partnerships to stimulate economic growth and create employment opportunities.

However, observations and recommendations are also provided. The report calls for strengthened sovereign fund management for sustainable income generation, restructuring or dissolving redundant government bodies to reduce waste, and cautious establishment of new government entities.

Criticism is directed towards misplaced priorities in public discourse, with examples like the controversy over the implementation of a fingerprint system for teachers. Genuine concerns about education quality and integrity should take precedence over resistance to administrative reforms, the report argues.

Overall, the report commends the government's awareness of the reform necessity and urges decisive action to address economic challenges. Effective implementation of proposed measures is crucial for restoring fiscal stability and fostering sustainable economic growth in Kuwait.

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