(MENAFN - Kuwait News Agency (KUNA)) Minister of State for Planning and Development Dr. Fadhel Safar said Monday the final statement of the government was a clear evidence of the "implementation" of the development plan.
Speaking to reporters on sidelines of a seminar organized by the Arab Planning Institute about reality and challenges of financial policy in Kuwait, Safar, also Minister of Public Works, said the supreme planning council was preparing the annual follow-up reform of the development plan.
He said speakers pin pointed deficiencies in Kuwait's financial policy like almost-complete dependence on oil as a major source of income, high percentage of wages coupled with marginal labor and demographic structure.
Safar said the government was tackling all problems one at a time.
He said the development plan included, for the first time, quarterly and bi-annually follow-up programs.
Asked about possible imposition of taxes to address economic structural deficiencies, Safar said the government has many studies over the income tax and how they would affect citizens.
However, he added, there was a law that forbid levying taxes on citizens.
Safar said the culture of consumption should change into a productive one among the people.