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.


 






  MENA News Headlines
 Aug 20 2014 - UAE's Nakheel to repay all its USD2.15 billion debt to banksMENAFN
(MENAFN) Nakheel, the Dubai property developer, is planning to repay all of its bank debt amounting to USD2.15 billion as much as four years ahead of schedule, The Peninsula Qatar reported.The ...

 Aug 20 2014 - ASCOM geology picked to work on Suez projectMENAFN
(MENAFN) Egypt's ASCOM Geology and Mining Company has been chosen to work on a multi-billion dollar project which will expand the Suez Canal by building a new canal next to the original one, Gulf ...

 Aug 20 2014 - UAE'S Al Madina signs settlement deal for debtsMENAFN
(MENAFN) Al Madina for Finance and Investment announced it has signed a settlement deal to pays its debt to Global Investment House, Gulf News reported.The settlement deal states that Al Madina will ...

 Aug 20 2014 - Dubai property giant repays debt four years earlyAFP
(MENAFN - AFP) Nakheel, the real estate giant at the heart of Dubai's financial crisis, confirmed Wednesday that it would repay all of its 7.9 billion dirhams ($2.15 billion) bank debt almost four ...

 Aug 20 2014 - Ex-minister in India refutes love child claimKhaleej Times
(MENAFN - Khaleej Times) A former federal minister has denied the allegation made by a 47-year-old Gujarat-based widow that he had tied the knot with her in 2005 and is the father of her 19-year-old ...

 Aug 20 2014 - Intensive exhaustive household survey stalls TelanganaKhaleej Times
(MENAFN - Khaleej Times) Nearly 400000 government employees teachers and student volunteers began the house-to-house survey at 7am in the city and at 8am in other parts of the state ...

 Aug 20 2014 - Surviving a typhoon in Leyte and rebuilding livesKhaleej Times
(MENAFN - Khaleej Times) Its not yet a year since the worlds most devastating storm reached landfall and while aid workers began pulling out last month recovery efforts are far from over.It has been ...

 Aug 20 2014 - Pakistan army urges talks as protesters await political showdownKhaleej Times
(MENAFN - Khaleej Times) Imran Khan the former cricket star and now chairman of the Pakistan Tehreek-i-Insaaf (PTI) and preacher Tahir Ul Qadri have led days of protests demanding the resignation of ...

 Aug 20 2014 - Yoga guru BKS Iyengar dies of kidney failureKhaleej Times
(MENAFN - Khaleej Times) Iyengar started his yoga school in 1973 in the western city of Pune developing a unique form of the practice that he said anyone could follow.BKS Iyengar the yoga guru who ...

 Aug 20 2014 - Japanese 111-year-old becomes oldest manKhaleej Times
(MENAFN - Khaleej Times) Sakari Momoi a former high school principal who was born on February 5 1903 received a certificate from Guinness World Records confirming the ...

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

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