COMMERCE WANTS FINANCE TO RAISE THE BUDGET FOR SUBSIDISED FOOD SUPPLY

  • 30/05/2022

Kuwait City: According to a Ministry of Commerce and Industry official, the Ministry of Commerce would request that the Ministry of Finance raise the annual budget allocation for food and building supplies. According to the source, this is in line with the steady global rise in the prices of food commodities and construction materials in general, with the volume of spending expected to rise by more than 50% by the end of this year, despite the significant increase in the prices of goods and products, transportation, shipping, and warehousing. 


The source added, “Within the framework of the role played by the Ministry of Commerce and Industry to secure the basic needs of food and construction materials, and after Minister of Commerce and Industry Fahd Al-Shariaan confirmed that the government bears the difference in prices of food supplies, the need has become urgent to increase the budget so that the Ministry can perform its role in providing subsidized goods and basic needs at the ‘old’ prices without burdening the citizen. The Minister confirmed that the citizen will not feel any increase in the prices of construction and subsidized food supplies, as the government will bear the price difference resulting from the increase in the cost of shipping or others, in light of the repercussions of the Russian-Ukrainian war, and that there is a strategic plan to ensure the flow of goods and foodstuffs and bring stability to their prices.

Related News

Discounts Don't Affect Return/Exchange Rights
  • 08/02/2025
Kuwait Arrests Reckless Driver After Viral Wedding Video
  • 08/02/2025
Shifa Al Jazeera Medical Group to Host Shifa Excellence Awar ...
  • 08/02/2025
Kuwait Bans Water Pistols and Balloons
  • 07/02/2025
Kuwait Tops Global Hunger Index 2024 as Least Hungry Country
  • 04/02/2025
MoI: Implementation of new traffic fines on April 22
  • 04/02/2025
Kuwait Council of Ministers Holds Weekly Meeting at Bayan Pa ...
  • 04/02/2025
Kuwait population increases every 5 minutes
  • 03/02/2025
Kuwait Stabilizes Market Ahead of Ramadan
  • 29/01/2025
Kuwait Arrests Egyptian Expat for Forging Medical Documents
  • 29/01/2025
Kuwait Ministry of Education Cuts School Bag Weight by 50%
  • 27/01/2025
Security campaigns in Jleeb and Ahmadi
  • 27/01/2025