Kuwait: Selected Issues

International Monetary Fund

No 2014/334, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper discusses the designing and implementing of Kuwait’s fiscal policy for the medium term. Fiscal policy has a major role to play in supporting macrostability and diversification. The fiscal strategy design and implementation on a yearly basis are based on a few key areas such as determining targets or ceilings for major fiscal parameters for a three-year rolling framework with binding next budget year and indicative two outer years, establishing a clear process for expressing policy objectives and their link to expenditure, etc. The illustrative budget sequencing with the fiscal strategy spearheading medium-term fiscal policymaking and linked to the annual budget process would support fiscal policy implementation.

Keywords: ISCR; CR; bank; investment company; Kuwait; investment; asset; Islamic bank; road construction cost estimates Metro; SME sector; firms decline; expenditure framework; support program; management framework; Shadow banking; Islamic banking; Public investment and public-private partnerships (PPP); Budget planning and preparation; Global; Australia and New Zealand (search for similar items in EconPapers)
Pages: 66
Date: 2014-12-09
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