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Published: 19-02-2019
Kuwait’s government spending is aligned to its oil revenues. The state is currently instituting a structural economic and fiscal reform program, and control of expenditures is a necessary precondition for these reforms to succeed over time, say industry experts. The reform is expected to start cutting wasteful spending, increasing collection rates of dues to the government’s various entities, while maintaining robust capital expenditure on infrastructure and minimizing the impact of fiscal reforms on its citizens. Kuwait’s Capital Markets Authority (CMA) is undertaking modifications to facilitate entry of foreign investors into the market and overhaul the national business-financial environment. The government is delivering on its commitment to growing the national economy, and executing infrastructure projects in-line with the ‘New Kuwait’. By 2020, few of Kuwait’s key infrastructure projects will be completed.
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