By lifting the subsidies on fuel, the country has managed to save KD 70 million in its third month since the decision to implement new fuel prices came into effect, reports Annahar daily quoting trusted governmental sources.
Tag: subsidies deductions
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Kuwait plans to end all forms of public subsidies
The Gulf state of Kuwait, under financial stress due to low oil prices, plans to end all forms of public subsidies by 2020, a report published on Monday said.
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Subsidy cuts not to affect low-income peoples in Kuwait
Any reduction in subsidies will not affect people with low-income, said Ali Al-Omair, Minister of Public Works and State Minister for National Assembly Affairs.