Kuwait initiates strategies to boost non-oil income and optimize expenditures
In recent meetings, Kuwait's Economic Affairs Committee, chaired by Dr. Subaih Abdulaziz Abdul Mohsen Al-Mukhaizeem, the Minister of Electricity, Water and Renewable Energy, Minister of Finance, and Acting Minister of State for Economic Affairs and Investment, has been discussing measures to increase non-oil revenues and enhance the state's financial sustainability.
The discussions were in line with the directives of the political leadership and were also attended by members of the Food, Drug, and Water Security Committee, chaired by Dr. Ahmed Al-Awadhi, the Minister of Health.
The Economic Affairs Committee's focus was on improving public spending efficiency and diversifying income sources. They also discussed the creation of a database to monitor the country's strategic stock of food, drugs, and water, with the aim of ensuring sustainable social security in these sectors.
The committee is committed to sound governance of the food and drug security system, and their efforts are geared towards meeting the needs of the population. They are also working on efficiently utilising domestic and imported resources.
The Cabinet's Economic Affairs Committee also reviewed proposals and studies related to these issues. The government is working on rationalising subsidies to preserve resources for future generations.
Al-Mukhaizeem affirmed that Kuwait's robust assets and reserves provide strong support for the national economy. He emphasised the importance of these discussions in securing a sustainable future for the country.
The meetings included members of the Economic Affairs Committee and officials from relevant government agencies. The discussions were related to ensuring sustainable social security in the sectors of food, drugs, and water, and the committee's work extends to providing essential food and medicine.
The Cabinet's Food, Drug, and Water Security Committee also reviewed measures aimed at boosting non-oil revenues. The committee's discussions focused on the measures aimed at increasing non-oil revenues.
In conclusion, the Kuwaiti government is making significant strides in securing a sustainable future for its citizens, with a particular focus on improving public spending efficiency, diversifying income sources, and ensuring sustainable social security in the sectors of food, drugs, and water. The commitment of the Economic Affairs Committee and the Food, Drug, and Water Security Committee, under the leadership of Al-Mukhaizeem and Al-Awadhi respectively, is commendable in this regard.
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