Arab Today, arab today kuwait budget spending seen at 788bn
Last Updated : GMT 13:36:36
Arab Today, arab today
Arab Today, arab today

Kuwait budget spending seen at $78.8bn

Arab Today, arab today

Arab Today, arab today Kuwait budget spending seen at $78.8bn

Kuwait - Arabstoday

Kuwait\'s state budget for the 2012-2013 fiscal year is seen at around 22 billion dinars ($78.8 billion), a 13 percent increase on the previous year, Al-Watan daily reported on Monday. The estimate assumes oil revenue of around 12.8 billion dinars, the newspaper said, citing the chairman of the parliamentary budget committee Adnan Abdulsamad. He said 4.7 billion dinars will be earmarked for wages - an increase of 7 percent - meaning that salaries would make up 30 percent of the budget, Kuwait\'s Al-Watan reported. Wages have become a central politicial issue in recent weeks in the Opec member state. State-run Kuwait Airways staff are striking over pay demands and customs workers started a walkout last week, also over pay. The recent round of industrial action across the country does not appear to have halted crude exports as it did in a wave of strikes last year, although domestic newspapers have reported some shortages of fresh food. The government announced a 25 percent rise in pay for state workers last week but some unions say the measures do not go far enough. They argue that the cost of living is rising and that wage increases at management levels are not reflected lower down the payscale. Policymakers and economists say that while Kuwait can afford such pay increases in the short term, thanks to the high oil price, it risks longer-term imbalances if the cycle of strikes and pay hikes continues.

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 budget spending seen at 788bn Arab Today, arab today kuwait budget spending seen at 788bn

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
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