- Minister of Finance, Fahad Al-Jarallah, states that the government’s priorities are not the public debt law and value-added tax (VAT), contrary to media reports.
- The government’s priorities are mentioned in its work program, and the public debt law is just one of the options being considered.
- The ministry is studying solutions to overcome the liquidity crisis and avoid disruption in cash flows.
- The government is committed to cooperation with the National Assembly and will present alternative financial options and proposals for discussion and selection of the best course of action.
- The laws regarding VAT and other taxes require government and parliamentary consensus and should be discussed on technical grounds.
- The ministry is working to enhance non-oil revenues without implementing VAT or selective VAT, in order to avoid affecting the living conditions of citizens.
Source: kuwaittimes.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
