Quotes: 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 2 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
 Jul 28 2016 - S Korea to improve historic port of AlexandriaMENAFN
(MENAFN) South Korea has announced its readiness to enhance and develop the historic port city of Alexandria in Egypt, a report said.In detail the study will look into the technical feasibility of ...

 Jul 28 2016 - UAE's Empower eyes Wetex exhibitionMENAFN
(MENAFN) UAE-based Empower will showcase its most recent efforts to adopt environmental initiatives at the Water, Energy, Technology, and Environment Exhibition (Wetex 2016) in October.In detail, the ...

 Jul 28 2016 - Brokers: Centrica in favour with Credit SuisseProactiveInvestors - UK
(MENAFN - ProactiveInvestors - UK) Josh Allsopp , Wed UK energy firms received a boost of broker confidence today, with both Credit Suisse and Deutsch Bank upgrading their price targets for ...

 Jul 28 2016 - World Bank increases oil price forecast for 2016ProactiveInvestors - UK
(MENAFN - ProactiveInvestors - UK) The World Bank offered some respite to non-Opec oil exporters on Wednesday by upping its oil price forecast for 2016. The bank increased its projection to US$43 ...

 Jul 28 2016 - Centrica sees hit from warm US weather and low oil prices as profits dipProactiveInvestors - UK
(MENAFN - ProactiveInvestors - UK) Centrica (LON:CNA) predicted a hit from low oil prices for its exploration division in the second half and said it would cut 3,000 jobs this year. The British ...

 Jul 28 2016 - PM Abe's plan for $265 billion stimulus puts pressure on BOJ to easeProactiveInvestors - UK
(MENAFN - ProactiveInvestors - UK) Fuller Treacy Money, 08:26 PM Abe's plan for $265 billion stimulus puts pressure on BOJ to ease Japan's prime minister unveiled a surprisingly large $265 ...

 Jul 28 2016 - 'Marriott Al Forsan Hotel' to be unveiled in Abu DhabiMENAFN Press
(MENAFN Press) Agreement signed between H.E. Saif Al Hajeri, Chairman Al Forsan Holding, and Mr. Alex Kyriakidis, President and Managing Director of Marriott International, Middle East and ...

 Jul 28 2016 - Dubai's DP World bags port development contract in TaiwanMENAFN
(MENAFN) DP World, a Dubai-based global marine terminal operator, has inked a deal with the state-run Taiwan International Ports Corporation (TIPC), for the development of Kaohsiung Port's Terminal ...

 Jul 28 2016 - SDX Energy confirms completion of funding's second trancheProactiveInvestors - N.America
(MENAFN - ProactiveInvestors - N.America) SDX Energy Inc (LON:SDX, CVE:SDX) closed the second tranche of its recent funding, issuing new shares priced at 18p each (current price: 20.25p). The ...

 Jul 28 2016 - World Bank increases oil price forecast for 2016ProactiveInvestors - N.America
(MENAFN - ProactiveInvestors - N.America) The World Bank offered some respite to non-Opec oil exporters on Wednesday by upping its oil price forecast for 2016. The bank increased its ...

more...


 





Google

Easy Forex

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help