REDUCTION OF SUBSIDIES, INCREASE IN PETROL PRICES, PLANS TO INCREASE REVENUE

  • 18/08/2021

Kuwait City: Government with efforts to increase revenue in the face of historic budget deficit. The Cabinet Finance Committee has examined the possibility of reducing government subsidies in the country.


The subsidy costs about four billion Kuwaiti dinars a year. The health insurance contract, which comes with an annual cost of 154 million Kuwaiti dinars, is being considered for complete waiver.

A number of proposals have been put forward to end aid to Kuwaiti workers earning more than 3,000 Kuwaiti dinars a month, limit the benefits to employees earning more than 7,000 Kuwaiti dinars, and eliminate fuel subsidies.

Related News

1,540 traffic violations issued, 33 people arrested
  • 23/11/2024
Kuwait Seeks Approval for Filipino Domestic Workers
  • 22/11/2024
Kuwait Amir conveys good wishes to Trump
  • 22/11/2024
Kuwait sees surge in traffic violations
  • 19/11/2024
MoI: 199 deaths due to traffic accidents in 9 months
  • 19/11/2024
MoI: 385 residency violators arrested, 497 deported within ...
  • 18/11/2024
Tanker explosion kills one, injures another in Amghara
  • 18/11/2024
Philippines issues new guidelines to protect domestic worke ...
  • 16/11/2024
Kuwaiti court convicts trio of citizenship forgery
  • 14/11/2024
Indians lead Kuwait labour market
  • 14/11/2024
British Embassy organizes car rally on Al Khaleej Street
  • 12/11/2024
Egyptian contractor dies after falling from Al-Mutlaa constr ...
  • 11/11/2024