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 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
 Jan 24 2015 - Botched repair of Tut mask 'reversible': German conservatorAFP
(MENAFN - AFP) The damage caused by a botched repair of the mask of Tutankhamun that left dried glue on the priceless relic may be undone with careful treatment, a German conservator said ...

 Jan 24 2015 - UAE upset Japan into Cup semisArab Times
(MENAFN - Arab Times) SYDNEY Jan 23 (AFP): Japan were sent crashing out of the Asian Cup on Friday as the United Arab Emirates shocked the defending champions 5-4 on penalties after a pulsating ...

 Jan 24 2015 - Kuwait's Kamshad sets record in Skydive DubaiArab Times
(MENAFN - Arab Times) DUBAI Jan 23 (KUNA): Osama Ali Kamshad of Kuwait entered the Guinness World Records as the first disabled parachutist from the Arab world and the Middle East after making a ...

 Jan 24 2015 - Returning Gyan the hero as Ghana 'down' AlgeriaArab Times
(MENAFN - Arab Times) MONGOMO Equatorial Guinea Jan 23 (AFP): The returning Asamoah Gyan struck a dramatic stoppage-time winner as Ghana kickstarted their Africa Cup of Nations campaign with a 1-0 ...

 Jan 24 2015 - Iraq stun Iran in thrillerArab Times
(MENAFN - Arab Times) CANBERRA Jan 23 (AFP): Salam Shakir scored the winning spot-kick as Iraq stunned 10-man Iran 7-6 on penalties to reach the Asian Cup semis in a match of high drama between the ...

 Jan 24 2015 - 'Hala February 2015' - Musical events cancelledArab Times
(MENAFN - Arab Times) KUWAIT CITY Jan 23 (KUNA): The Hala February 2015 festival Friday announced cancellation of remaining musical and entertainment events following demise of King Abdullah bin ...

 Jan 24 2015 - Kuwait- Amir offers condolencesArab Times
(MENAFN - Arab Times) KUWAIT CITY Jan 23 (KUNA): His Highness the Amir Sheikh Sabah Al- Ahmad Al-Jaber Al-Sabah sent a cable of condolences to Saudi King Salman bin Abdulaziz Al-Saud on the demise of ...

 Jan 24 2015 - ME losses of oil exports to hit USD300b in 2015MENAFN
(MENAFN) Losses from lower oil exports should sap up to USD300 billion from economies in the Middle East, as countries in the region adjust to falling crude prices, The Peninsula Qatar ...

 Jan 24 2015 - Saudi inflation to reach 2.6 percent in 2015MENAFN
(MENAFN) The Central Department of Statistics and Information (CDSI) data showed that Consumer Price Index for December decelerated to 2.4 percent compared to 2.5 percent in November, Arab News ...

 Jan 24 2015 - Egypt eyes 4 percent growth in FY2014-15MENAFN
(MENAFN) Egypt expects economic growth of around 4 percent in fiscal year 2014-15, which ends in June, boosted by rising confidence and a windfall from lower oil prices, Arab News reported.The budget ...

more...


 






Google

Click to Apply

 
 

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