Govt will continue efforts to fulfill legislative requirements
Focus on financial reforms
KUWAIT CITY, Aug 14: The Council of Ministers chaired by His Highness the Prime Minister Sheikh Jaber AlMubarak, will continue efforts to fulfill the legislative requirements about the development plan and focus on the requirements for financial reforms, AlAnba daily.
In a fundamental step in the package of financial reform requirements, informed sources revealed in special statements to Al-Anba the measures to stop spending at the expense of the custodianship of funds, in all ministries and government agencies.
The sources pointed out that the new mechanism to deal with the balance of the custodianship of funds account during the next five years would be through the inclusion of additional annual financial provisions to settle the remaining fund to close the file completely.
The sources assured everyone that the government has formed task forces, comprising specialists, to ensure before the request for additional credit that the amounts of the custodianship of funds had been disbursed in accordance with the rules in the budget with the requirement to provide documents indicating that the disbursement was in accordance with real items.
The sources renewed the talk that the government in conjunction with the Committee on Budgets was able to address some of the financial issues
in more than one ministry through additional funds, which were applied in the ministries of oil, health and higher education.
The sources described the cooperation between the government and the National Assembly as “optimal cooperation”, which resulted in laying the foundation for this treatment through the approval of additional funds made at the expense of the financial year ended.
It is important to note the statement of the Ministry of Finance issued on 30 July last, in which Minister of Finance Dr. Nayef Al-Hajraf confirmed that the most important priorities of the Ministry at the current stage continue to address the file of the custodianship of funds account, which witnessed a significant improvement during the last year, where it was reduced by 29.5% from 6.09 billion It is due to the efforts of the ministry’s employees and the cooperation of all government agencies.