Kuwait’s new Minister of Finance Shaikh Salim al-Sabah has warned that the economy suffers from a bloated administration and red tape and cannot continue to grow in the long term if structural imbalances in the budget are not addressed.
Shaikh Salim, who is also Deputy Prime Minister, resigned in 2012 after 25 years as Central Bank of Kuwait (CBK) governor in protest at surging government spending (MEES, 20 February 2012). (CONTINUED - 697 WORDS)
