Kuwait Times, Wednesday, Mar 17, 2021 | Shaaban 3, 1442
Public sector salaries jumped KD 4 billion in 10 years
Kuwait:
The total salaries paid to public sector employees and included in
Kuwait’s budget jumped by KD 4 billion in the past 10 fiscal years (2009/2010 to
2018/2019), rising from KD 3.2 billion to KD 7.2 billion at a compound annual
rate of 9.5 percent, Al-Anbaa reported yesterday.
This means around KD 52 billion has been paid in salaries to workers in
government entities during the past 10 years.
A local study revealed consumption and spending by citizens and expats in Kuwait
and abroad during the past 10 years (2010 to 2020) shows that high salaries in
the government and private sectors, in addition to facilities given by Kuwaiti
banks, are the main spending motivators.