Oil-rich Kuwait gives citizens 690 dollars each grant

KUWAIT CITY - The one million citizens of Kuwait, where government financial assets have topped 166 billion dollars, are to receive a grant of 200 dinars (690 dollars) each, the government announced on Sunday.

By (AFP)

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Published: Sun 23 Jul 2006, 11:55 PM

Last updated: Sat 4 Apr 2015, 3:15 PM

“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 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 tax.

Some 92 percent of Kuwait’s 300,000-strong workforce are employed in government jobs, with high wages and minimal work pressure.

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