Oil-rich Kuwait gives citizens 690 dollars each

J

JohnnyE

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KUWAIT CITY (AFP) - 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 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 tax.

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

http://news.yahoo.com/s/afp/20060723/bs_afp/kuwaiteconomygrant_060723145812
 
If the Kuwaiti people are satisfied with that arrangement, that's their business. If they don't like it, they can complain. What else is there to say?
 
Reba said:
If the Kuwaiti people are satisfied with that arrangement, that's their business. If they don't like it, they can complain. What else is there to say?
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Yes but we are paying almost $75. a barrel now :hyper:
 
Yes and they are starting to max out pumping the oil out of the ground--they're getting it out fast as they can to "feed" the world demand and not more than that. The party won't last long. That $$ is nothing compared to what the royal families get--millions of $$. Also a large number of the natives don't work becuz there are not enough jobs available besides those taken by the imported laborers. So they get allowance from the gov't --don't know the average payment.
 
Hmm... this reminds me of when Bush tried to "buy us" with his $600 tax refund years ago. :roll:
 
Yeah I remember that, he mentions in a speech that people have problems paying for things like elec., gas, etc... Hell that money didn't last long for me and now-a-days everyone has problems paying for gas because its so damn high for gas, home, WTF Bush



VamPyroX said:
Hmm... this reminds me of when Bush tried to "buy us" with his $600 tax refund years ago. :roll:
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