MOCI WANTS TO EXPAND ITS BUDGET TO SUPPORT FOOD AND BUILDING PROJECTS

  • 17/06/2022

Kuwait City: According to a Ministry of Commerce and Industry official, the ministry will approach the Ministry of Finance about raising annual budget allocations for food and building supplies. He explained that the situation is related to the ongoing global rise in the pricing of food staples and building materials in general. At the same time, the amount of spending on these sorts of assistance is predicted to climb by more than 50% by the end of this year, despite the huge increase in the prices of goods and services, transportation, shipping, and warehousing.


The source said, “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 Fahad Al-Shariaan confirmed that the government bears the difference in prices of food supplies, the need has become urgent to increase the support budget so that the ministry can perform its role in providing goods and basic needs subsidized at the same previous prices without burdening the citizens.

The minister had affirmed that the citizens will not feel any increase in the prices of construction and subsidized supplies, as the government will bear the price differences resulting from the increase in the cost of shipping or others, in light of the repercussions of the Russian-Ukrainian war. There is a strategic plan to ensure the flow of goods and food items and stabilize their prices”.

It is worth noting that the total value of the disbursed support for many food items provided by the Ministry of Commerce and Industry to citizens through the ration card amounted to about KD 225 million during the year 2021. This includes support for the food group, which includes rice, vegetable oil, frozen chicken, tomato paste, sugar, powdered milk, flour and lentils, as well as construction materials such as cement, iron, bricks, airconditioning support, concrete, sanitary kits, electrical wires, ceramics and porcelain, and external cladding support for construction and restoration.

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