The Kuwaiti Cabinet has called for finding exits to ensure the provision of the necessary liquidity to pay\u00a0 salaries and monthly obligations.<\/p>\n
The Cabinet stressed the need for coordination between agencies and ministries to find a practical vision to provide liquidity to the General Reserve Fund.<\/p>\n
Each ministry or agency is scheduled to submit proposals to address the problem of government misspending funds and find a way to rationalize expenditures from the state budget.<\/p>\n
These discussions will be presented at the ministerial economic committee meeting, which will be held today, provided that proposals and perceptions will be submitted to be ready at the cabinet table at its meeting next Monday, according to the Kuwaiti newspaper, Al-Anbaa.<\/p>\n
In response to a question about increasing the rents of state property, sources said, “One of the proposals that is still negotiable is to increase the rents of state property, whether in schools or some economic activities.”<\/p>\n
Regarding the reduction of gasoline subsidies, oil sources indicated that the current tariff for a liter of premium and special gasoline ends on September 30.<\/p>\n
The sources said that this calls for a meeting of a committee to re-examine the various types of subsidies within days to review the price in terms of fixing or amending the current tariff.<\/p>\n
The government is committed not to increase service fees, apply value-added tax, apply selective tax, or withdraw from the Future Generations Fund, except when laws are issued with the approval of the Cabinet.<\/p>\n
In a related context, a Kuwaiti newspaper revealed new leaks of the largest government restructuring process in its history that Kuwait intends to conduct early next year.<\/p>\n
According to the Kuwaiti newspaper, Al-Qabas, it is scheduled to abolish, create and merge 12 ministries, as part of a huge government restructuring process.<\/p>\n