Kuwait is moving sideways in approaching subsidy cuts, rather than taking decisive action like its fellow GCC members.
Parliament’s Financial and Economic Affairs Committee is reviewing the government’s plan to cut subsidies for basic services and commodities, as well as reduce administrative expenses by 25% in the 2016-17 budget; but the plan won’t be presented to parliament until 1 April, the first day of the 2016-17 financial year. (CONTINUED - 350 WORDS)
