Kuwait gives citizens $690 each
Updated: 2006-07-25 15:18
The one million citizens of Kuwait, where government
financial assets have topped 166 billion dollars, are to receive a grant of 200
dinars (US$690) each, the government has announced.
resident of Kuwait City gets money from a National Bank of Kuwait (NBK)
affiliated machine. The one million citizens of Kuwait, where government
financial assets have topped 166 billion dollars, are to receive a grant
of 200 dinars (US$690) each, the government has announced.
"In accordance with directives by the emir, the cabinet decided to provide
all Kuwaiti citizens with a grant of 200 dinars each," state minister for
cabinet affairs Ismail al-Shatti said Sunday after the cabinet weekly meeting.
The two million foreign workers in the oil-rich emirate were not included.
The OPEC member posted a surplus in each of the past seven fiscal years,
totalling more than 50 billion dollars. Kuwait is also headed for record
revenues this year.
The government offered a similar grant in October 2004 and raised salaries of
citizens by 170 dollars monthly last year. MPs in the outspoken parliament have
been pressing for a new hike.
The Gulf Arab state provides a cradle-to-grave welfare system to its citizens
who receive most public services at heavily subsidized prices and pay no income
Some 92 percent of Kuwait's 300,000-strong workforce are employed in
government jobs, with high wages and minimal work pressure.