Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- State financial support for national labor 'increases'  Join our daily free Newsletter

MENAFN - Arab Times - 09/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) KUWAIT CITY June 21 (KUNA): State financial allotments for supporting national labor and social support have been increased in the 2014-2015 projected State budget according to a leading MP on Saturday. MP Adnan Abdulsamad the chairman of the parliamentary budgets and final accounts' committee said in a statement the commission members held a meeting today examining projections in the fifth chapter of the budgets for ministries and government departments (2014-2015) namely miscellaneous spending and paidup transfers.

Projections in this section of the budget rose to some KD 10 billion from KD nine billion in the 2013-2014 budget hiking by KD 773 million (8.3 percent) MP Abdulsamad said explaining that the bulk of the hike was for supporting the national labor from approximately KD 461 million to KD 554 million increasing by KD 92 million due to inclusion of the graduates' bonus amounting to KD 90 million. Social care allotment increased from KD 201 million to KD 351 million increasing by approximately KD 150 million due to mounting number of the beneficiaries resulting from issuance of the Decree Number 23 (2013) granting financial support for 55-year-old housewives. Moreover specialized fund for students' scholarships rose from KD 200 million to 261 million hiking by some KD 61 million.

MP Abdulsamad added that the forecast financing for citizens' treatment abroad increased from nearly KD 150 million to KD 241 million hiking by KD 91 million due to the allocations for the patients and compatriots.

However the commission advised that certain restrictions must be effected to ensure equality among citizens seeking treatment abroad. Elaborating the head of the parliamentary committee added that projected subsidies for petroleum and gas products increased from KD 625 million to KD 751 million with an increase of KD 126 million. Furthermore the transfer's allotments for the public authorities and institutions hiked from KD 4974.8 million to KD 5176 million with an increase of 201.2 million due to the increase of the social security KD 138.4 million and increasing the allotted funds for the Housing Care Authority KD 91.7 million.

The commission tackled allocations for conventions projections of which dropped from KD 73 million in the 20130-2014 budget to KD 24 million in the 2014-2015 budget. It also advised the Ministry of Finance to set terms for these allotments. The ministry the committee observed continues to list huge funds for armament despite invalidity of the relevant laws (since 2006) where in the 2014-2015 fiscal year KD 21 million were listed with controversial considerations. Although allocations of the Ministry of Defense rose from KD 1167.9 million to KD 1302.2 million with a hike of 11.5 percent the ministry continues to shift funds from a section of the budget to another in violation of the relevant governing rules.


 


Arab Times




  MENA News Headlines
 Oct 22 2014 - China Fiscal Revenue Rises 6.3% in SeptemberQatar News Agency
(MENAFN - QNA) China's fiscal revenue rose 6.3% year on year to 995.3 billion yuan about (162.6 billion US dollars) in September, quickening from a 6.1% rise in August, the Chinese Ministry of ...

 Oct 22 2014 - Tokyo Stocks End Sharply up WednesdayQatar News Agency
(MENAFN - QNA) Tokyo stocks ended sharply higher Wednesday, boosted by overnight rises in European and US stocks. The 225-issue Nikkei Stock Average rose 391.49 points, or 2.64%, from Tuesday to ...

 Oct 22 2014 - Cooperating Robots Developed in China-US ProjectQatar News Agency
(MENAFN - QNA) An award-winning collaboration between Chinese and American researchers has pointed the way forward for the use of cloud computing to link different robots and make them more ...

 Oct 22 2014 - Summary of Local News Released Tuesday - 3-Qatar News Agency
(MENAFN - QNA) - World Innovation Summit for Health (WISH) has appointed chairperson for the WISH Dementia Forum that will mull current challenges, innovation in care-giving, financial models and ...

 Oct 22 2014 - Ban Calls for Investigation into Israeli Attacks on UN Facilities in GazaQatar News Agency
(MENAFN - QNA) United Nations Secretary-General Ban Ki-moon called for a thorough investigation into incidents where UN facilities sustained hits and many innocent people were killed by the Israeli ...

 Oct 22 2014 - China Responds over "Hacker Infiltration to Apple's iCloud"Qatar News Agency
(MENAFN - QNA) China reiterated opposition to cyber attacks from hackers in all forms after media reported Chinese hackers infiltrated Apple's iCloud. "China is resolutely opposed to hacker attacks ...

 Oct 22 2014 - At Least 37 Taliban Militants Killed in AfghanistanQatar News Agency
(MENAFN - QNA) At least 37 Taliban militants were killed following military operations by Afghan national security forces in the past 24. The Afghan Ministry of Interior said Wednesday that the ...

 Oct 22 2014 - Japan's KEPCO to Submit Revised Takahama Safety PlanQatar News Agency
(MENAFN - QNA) The operator of a power plant on the Sea of Japan coast says it will submit revised safety measures to the country's nuclear regulator as early as next week, Japan's (NHK World) ...

 Oct 22 2014 - OIC states condemn Israeli violations against Al-Aqsa Mosque and Muslim worshipers 3 New YorkSaudi Press Agency
(MENAFN - Saudi Press Agency)  On Syria, the ambassador expressed deep concern about the escalation of acts of destruction, violence, murder and heinous crimes committed against the Syrian people as ...

 Oct 22 2014 - Saudi Transport Minister heads Kingdom's delegation to meetings of Arab Transport Ministers in EgyptSaudi Press Agency
(MENAFN - Saudi Press Agency)  The Council of Arab Ministers of Transport started their 27th session here today in the presence of Ministers of Transport and Communications of various Arab ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help