Government Financial Department: Enhance Revenue and Debt Management
The Kuwaiti Ministry of Finance has focused on establishing strict guidelines for the preparation of the 2027-2028 budget aims, to improve the management of government financial resources. These rules include adhering to expenditure ceilings, submitting estimates according to the GFMIS systems, and linking appropriations to priorities and development plans. They also emphasize rationalizing spending, reducing expenses without compromising services, and updating job data while minimizing unnecessary hiring, especially for non-Kuwaitis. The plan highlights reviewing revenues and enhancing their efficiency, achieving a balance between spending and revenue growth to promote financial sustainability and ensure alignment with international standards.
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