November Rains Exposed Corruption of Paving Roads in Kuwait

      Published on Saturday, 9 November , 2019      534 Views     
November Rains Exposed Corruption of Paving Roads in Kuwait


 A report published by Bloomberg News Agency warned of the continuing problems of Kuwait’s roads, which were submerged with last year’s rains and exposed the corruption of paving of roads contracts report Al Rai.

“Rain and winter is on the doorstep, and inhabitants of one of the richest countries of the world are preparing to confront it,” last year, heavy rains flooded many parts of Kuwait City leaving semi-submerged cars in the rainwater, speedboats drove along palm tree-lined roads, sparking debates of inefficient drainage and corruption in road paving contracts.




The report said that, despite public anger, many streets have yet to be repaired, but instead, the government spent much of the year making plans to build new cities.

The government has promised to repair road damage by the end of 2019, although storms and rain last year occurred in November.

Kuwaiti assets of $ 592 billion, which is the fourth largest sovereign wealth fund in the world, gives Kuwait a large comfortable pillow, but the alarm bells ring the recognition of the state itself.

The government aims to reduce its heavy dependence on oil revenues and reduce subsidies.

The government supports Kuwaiti family for housing, fuel and food of average $ 2000 per month.

Besides free education, a university graduate receives the equivalent of $ 650 a month until he finds a job.

Salaries and subsidies are eating up nearly three-quarters of total government spending, while Kuwait is headed for its fifth consecutive budget deficit since oil prices fell in 2014.

Parliamentary opposition had halted plans to impose the first ever tax in Kuwait – a 5%t value-added tax approved by the Gulf Cooperation Council nearly four years ago – and blocked a law allowing the government to implement the first bond issue since 2017.



Despite this slow pace, the state has achieved some successes, the report said, noting that in June 2020, Kuwait Stock Exchange is scheduled to be included in the MSCI index to track emerging market equities.

Keywords:
Category Kuwait News | 2019/11/09 latest update at 1:00 AM
Source : Arab Times | Photocredit : Google
535 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Kuwait Media would like to give all of its readers from Gulf and Kuwait and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Kuwait Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Kuwait, the Gulf and the world.


Court set to deliver judgment on Dow case
Kuwait Kuwait news

Court set to deliver judgment on Dow case

The Criminal Court presided over by Judge Muhammad Al-Mutairi is set to deliver judgment in a petition filed…

GCC to weaken, Kuwait to rebound

Modest fashion grows to a $283bln industry

Breakthrough seen in ending Gulf spat with Qatar

African leaders highly appreciate Kuwait’s Amir: Gabon Emir

African leaders highly appreciate Kuwait’s Amir: Gabon

Gabonese Deputy Foreign Minister Nanette Kinda said yesterday that His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah…

Kuwait’s Ruler Fires Son Over Feud With Fellow Minister Emir

Kuwait’s Ruler Fires Son Over Feud With Fellow Minister

Kuwait’s ruler on Monday fired his own son and another Cabinet minister after they publicly feuded over accusations…

Kuwaiti emir reappoints outgoing PM to form new gov’t Emir

Kuwaiti emir reappoints outgoing PM to form new gov’t

Kuwaiti Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah on Monday reappointed Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah as prime minister,…

Kuwait’s emir accepts gov’t resignation Emir

Kuwait’s emir accepts gov’t resignation

Kuwaiti Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah accepted on Thursday the resignation of the government submitted by the…

GULF TV

Popular in GULF TV

FEBRUARY LIGHTS KUWAIT

5691 Views

FEBRUARY LIGHTS KUWAIT

Latest videos in GULF TV

Technology

Kuwait lifestyle and lifestyle Kuwait news

Lifestyle

Kuwait lifestyle and lifestyle Kuwait news

Culture

Culture news and Kuwait culture news

Sport

Sport news from Kuwait and world sport news

Events

Kuwait Events and Events News

Government

Kuwait government News

Emir

News from the Emir of Kuwait