Arab Today, arab today kuwait expenditure in fiscal year 20142015 to reach kd 232bn
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

Kuwait expenditure in fiscal year 2014/2015 to reach KD 23.2bn

Arab Today, arab today

Arab Today, arab today Kuwait expenditure in fiscal year 2014/2015 to reach KD 23.2bn

Chairman Adnan Abdualsamad
Kuwait - KUNA

The state expenditure is expected to amount to KD 23.2 billion in the fiscal year of 2014/2015, said Chairman of the National Assembly's State Budget Committee MP Adnan Abdualsamad.
The Kuwaiti MP made this remark during a lecture that was organized and held at Kuwait University's College of Law.
Abdulsamdad pointed out that the expenditure is distributed to five chapters in the state budget: salaries, commodity and service requirements, transport, construction projects and various expenses.
Public spending on salaries is estimated at KD 5.5 billion; commodity and services KD 3.9 billion; transport KD 290 million; construction KD 2.1 billion and various expenses KD 11.3 billion, the MP explained.
The budget dependency on oil revenues is more than 90 percent, an estimation of KD 19 billion, based on a hypothetical crude price of USD 75 a barrel, he added.
He pointed out that the development plan has only cost the country KD 10 billion.
Abdulsamad added that political stability is key to improving any country's economic status, hence, corruption and self-interests should be avoided at all cost in order to achieve progress in the country's development plan.
He stressed the importance of conducting analytical studies for the budget and appointing financial monitors at the State's Audit Bureau to avoid any violations or breaches in the country's projects and practices. The fiscal year for the state of Kuwait starts in the beginning of April every year and ends of the 31st of March the following year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait expenditure in fiscal year 20142015 to reach kd 232bn Arab Today, arab today kuwait expenditure in fiscal year 20142015 to reach kd 232bn

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait expenditure in fiscal year 20142015 to reach kd 232bn Arab Today, arab today kuwait expenditure in fiscal year 20142015 to reach kd 232bn

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday