Kuwait MPs table bill to hand citizens $17K each

Proposal would grant thousands of dollars to each citizen, benefiting low income Kuwaitis

Kuwait legislatures introduced a bill proposing the government grant each citizen KWD5,000 (US$17,755), arguing that low income citizens would benefit from the measure, Kuwait Times reported.

The bill also calls for the government to grant unemployed women an extra KWD300, the newspaper reported. If just one third of the Kuwaiti population was given the grant, it would cost the government at least KWD4bn (US$14bn), according to the paper. 

Kuwait's government has already distributed KWD1,000 to its each of its citizens.

The oil rich emirate, which has one of the highest per capita incomes in the world, has been marred by a political face-off between parliamentarians and the government for several years, which has delayed economic reform, dampened growth, held up the country's privatisation programme and curbed investor appetite.

The restructuring of Kuwait Airways, the country's national carrier, has been delayed four years.

The country's economy is projected to shrink to 1.9 percent this year after growth slowed in 2012 to 6.3 percent, according to International Monetary Fund estimates.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

Posted by: jay

keep paying them to keep them quiet instead of investing in things that grow the economy
the finance minister and central bank govener must really not have a clue what to do
this creats inflation stops people finding work in the private sectore and creats a hand out culture
take take take
Take debt reliev
take payouts
take it easy
Kuwait grow up and act like a responsible economy

All comments are subject to approval before appearing

Further reading

Features & Analysis
Everything you need to know about Qatar

Everything you need to know about Qatar

Former British protectorate has been ruled by the Al-Thani family...

The Al Thanis are Qatar's power family

The Al Thanis are Qatar's power family

New research sheds light on the overwhelming influence of the...

Raising the bar: DLA Piper plans fresh growth in the Gulf

Raising the bar: DLA Piper plans fresh growth in the Gulf

Legal firm DLA Piper’s Middle East business recorded 10 percent...

Most Discussed