Kuwait

Kuwait Audit Bureau spares treasury $264 million spending

April 01, 2021 | 07:40 p.m EDT

KUWAIT: Kuwait Audit Bureau's examination of planned expenditures spared the treasury (unnecessary) spending estimated at KD 80 million ($264 million) in the current fiscal year. Fatma Al-Fahad, auditor at the pre-supervision department for economic affairs at the diwan, said in a press statement yesterday that the spared sum was double the savings achieved in the previous financial year.

She indicated that the bureau stopped (unnecessary) spending of KD 80 million ($264) in the current fiscal year against KD 36 million ($118 million) in the previous identical year, 122 percent higher, also noting that the personnel assigned for the task focused on cancelling or trimming amounts of products and prices, according to the diwan studies. Totally, the bureau examined 2,850 proposed transactions worth KD 3.4 billion ($11.2 billion) for the fiscal year 2019-2020. - KUNA

kuwait audit bureau spending

April 01, 2021 07:40 PM

Opinion

A call to bring back military education

Opinion

It’s time to regulate social media content

One vehicle for expatriates?

By Nejoud Al-Yagout The latest news is that there is a proposal in place that expatriates are only allowed to own one car. The rationale is that expatriates make up most of the population, but somehow lawmakers conveniently overlooked the fact that ...

Mountains of tobacco

The battle between health and smoking continues - there is a major attack on people’s health and a stark lack of action to deter it. In 2022 alone, 5.8 million tons of tobacco were produced in the world, a quantity that is equal to the size of som...