As part of the austerity and spending cuts plan, the Kuwaiti government intends to cut the salaries of some government agencies and groups by up to 50%.
According to relevant sources in "Al-Qabas" newspaper, the Ministry of Finance reached an agreement with the Competition Protection Authority to reduce the salaries of its employees by 30% to 50%.
The Kuwaiti government plans to halve the salaries of government employees
According to the newspaper's sources, it also agreed to cancel the health insurance for employees of the Competition Protection Agency, as well as the system of external grants for employees wishing to complete master's and doctoral degrees, the costs of which will be borne by the agency.
The agency's management is satisfied with the staff salary structure being increased at a weaker rate, which is inconsistent with the plan contained in the new salary scale approved after protracted negotiations with the Ministry of Finance nearly a year ago.
These decisions came within the framework of the austerity and cost-cutting plan pursued by the Kuwaiti government, because this time the government refused to allow any political pressure to bring the economic reform process back to the past.
Several ministries and government agencies launched austerity plans and reduced expenditures according to the percentages set by the cabinet decision, including the Ministry of Finance, the Ministry of Commerce, the Ministry of Industry, the Ministry of Health and the Ministry of Engineering. It is expected that the spending cuts will not stop there, but will expand additional projects such as eliminating the remaining jobs for government employees.