24 May 2014
(MENAFN) Kuwait”s finance minister warned that the country will face a certain budget deficit due to growth in spending, which has outpaced a rise in public revenues, The Peninsula Qatar reported.
“A budget deficit is inevitable… as the average annual growth in public spending was 20.4 percent during the past decade against a 16.2 percent average rise in revenues,” mostly from oil, the minister said.
The minister added that between the years 2005 and 2013, government wages increased from USD8.3 billion to USD33.8 billion, a massive 25 percent annually on average.
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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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BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
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BBK discloses its financial results for the year ended 31st December 2025
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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