Arab News, Saturday, Aug 21, 2021 | Muharram 13, 1443
Kuwaiti finance minister resigns amid cabinet spending cut decision
Kuwait:
Kuwaiti Minister of Finance
Khalifa Hamada has offered his resignation to the Prime Minister today, Al Qabas
paper reported.
This resignation comes just two days after the
Cabinet's announcement of a set of government measures on Monday, aimed at
reducing expenditures and filling the deficit.
The Kuwaiti cabinet assigned the Public Authority
for Manpower to study the extent to which it is possible to stop disbursing
national labor support for workers in the private sector for those whose total
salary reaches 3,000 Kuwaiti dinars or more.
Last week, the finance ministry recorded its
highest financial deficit ever amounting to 10.6 billion Kuwaiti dinars.