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Kuwait Report
Marcopolis presents the Kuwait Report focused on the investments, doing business, economy and other topics featuring interviews with Kuwaiti leaders. The sectors under review in this issue are industry, oil and gas sector, investments, banking sector, telecom sector and many more.
Videos7.14.2015
Public spending in Kuwait: cuts necessary and 5 year plan in void
- Written by Peter Matay
- Published: July 14, 2015
Bader Al Humaidhi, Former Minister of Finance of Kuwait.
Bader Al Humaidhi, Former Minister of Finance of Kuwait talks about the public spending in Kuwait.
He says, "Well as you know, in Kuwait and to some extent in other gulf states, the main motivator of the economy is the government because the government has the spending power. If the government is spending the wages, salaries, subsidies, projects - especially infrastructural projects, this ought to activate the other sectors. Activate contracting, cementing, steel, everything. Now if the government reduced its spending, this will have a negative effect on all of the sectors. There will be no more demand for steel, no more demand for cement, no more demand for labour."
