Kuwait’s national assembly to consider subsidies rationalization Tuesday

Kuwait-Mubasher: The Kuwaiti National Assembly will discuss on Tuesday the rationalization of the government subsidy as well as increasing fuel and power prices to decrease the growing budget deficit.

It is noteworthy that Kuwait has shrunk the subsidy of the FY 2016/2017 budget by KWD 700 million to KWD 2.9 billion from KWD 3.5 billion in the current fiscal year that ends by March.

 

Mubasher Contribution Time: 09-Feb-2016 07:04 (GMT)