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Parliament speaker, economic reforms won't affect simple citizens
February 15, 2016, 8:31 am
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National Assembly Speaker Marzouq Al-Ghanim said on Sunday looming economic reform decrees would not affect "simple citizens", calling for addressing all economic challenges in order to create necessary equilibrium.


"If no economic reform decision is made on the current economic situation, there will be much harm to the citizen," Al-Ghanim told a news conference following a meeting of the parliamentary committee on financial and economic affairs.


He assured that all economic solutions to be produced by such meetings would by no means at the expense of simple citizens, sounding the alarm about failure to take action to tackle the country's economic situation.


The meeting was attended by His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah and several ministers, senior officials and members of parliament.
The speaker reiterated the parliament's resolve to overcome the current economic challenges, just as it did before in the face of earlier political problems.

Warning of the reflections of the country's economic disequilibria, the speaker said: "We'll be so clear and transparent with all citizens. Should the present situation continue, there will be much harm to citizens."

But, he admitted that scrapping the subsidy of commodities is just a simple part of the aspired solution to the financial situation. "Our issue is to redress all economic imbalances, while reconsidering revenues and expenses." He pointed to an integrated economic package purposed to stem the tide of overspending at several ministries and state departments, and to raise citizens' earnings with no burden whatsoever on the government.


Today's meeting only reviewed a roadmap for resolving the problem, but no specific technical matters were considered, he said, adding that relevant final findings would be explored during a parliament session due early March.


Al-Ghanim emphasized that it would be the responsibility of the government's ad hoc team to completely put such findings in place, cautioning that any minister or official who cannot do so must quit.


However, the speaker reassured that the government could not dare to take any decision in this regard without recourse to the National Assembly, noting that a clear-cut applicable blueprint should turn into a concrete tangible reality.


The meeting, which was attended by a government team tasked with discussing issues of economic reforms and several ministers and officials, focused on several topics bearing on the country's current economic situation and how to redress the State budget deficit amid uncontrollably dwindling oil prices.


On his visit to Ankara, leading a Kuwaiti parliamentary delegation, Al-Ghanim said it comes at the invitation of his Turkish counterpart Ismail Kahraman, stressing deep relations between both Kuwaiti and Turkish parliaments.


He added that during his stay in Ankara, he will meet Turkish President Recep Tayyip Erdogan and members of parliament to discuss a number of issues that concern both sides.

Source: KUNA

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