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FINANCIAL NEWS
Central bank warns against Kuwait’s increased government spending
22 Apr 2014
(MENAFN) The Kuwaiti central bank governor warned that the increasing public spending and oil reliance are preventing the country’s sustainable economic development, Arabian Business reported.
The governor said that Kuwait has to cut wasteful spending in the state budget and “rationalize” subsidy programs.
He said that structural imbalances in the budget “hinder the process of promoting growth and development of the national economy on a sustainable basis.”
Kuwait provides subsidized petrol and utilities to its 3.8 million residents and does not collect income tax.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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