Public wage bill cuts into infrastructure spend, Kuwait bank says

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Public wage bill cuts into infrastructure spend, Kuwait bank says

Wages, social aid 80% of budget Due to grow 9% in 2025/6 Cut of 1.7% in capital spend planned Kuwait’s government is spending too much money on wages and not enough on pressing infrastructure needs, the country’s largest bank has said. “Kuwait is still facing structural challenges in its fiscal policy because allocations for wages and social aid account for nearly 80 percent of total spending,” the National Bank of Kuwait (NBK) said. Kuwait, whi…