Cabinet approves final accounts, nationality revocations, money laundering compliance progress

In its weekly session chaired by Prime Minister Sheikh Ahmed Al Abdullah Al Sabah, the Kuwait Cabinet took decisive action across multiple national priorities.

Minister of Finance, Noura Al Fassam, reviewed the State’s fiscal year 2024–2025 final accounts, which revealed a budget deficit of approximately KD 1.056 billion.

The Cabinet emphasized that all ministries and agencies must coordinate with the Finance Ministry to eliminate wasteful spending and enhance non-oil revenues. The Cabinet approved several draft decree-laws ratifying the final accounts of government-affiliated entities, which are now awaiting the Amir’s endorsement, reports Al-Jarida daily.

• In conjunction with the financial update, Minister Al Fassam, alongside the National AML Committee and the Financial Investigation Unit, reviewed the progress of Kuwait’s mutual evaluation process under global anti-money laundering standards. The Cabinet encouraged all sectors to complete current and future compliance benchmarks, reinforcing Kuwait’s stance against illicit financial activity.
• Health Minister Dr. Ahmed Al Awadhi reported on his visit to France, where Kuwait signed memoranda of understanding with five premier medical institutions in Paris. The Cabinet hailed these agreements as vital to the country’s vision of localizing advanced medical care, elevating service quality, and nurturing homegrown medical talent.
• Oil Minister Tariq Al Roumi, accompanied by officials from the Environment Public Authority, presented a strategic roadmap for long-term low carbon development. The Cabinet lauded the comprehensive plan, viewing it as strong evidence of Kuwait’s dedication to climate action and sustainable development.

Finally, the Cabinet ratified the minutes from the Supreme Nationality Committee, which included determinations to revoke citizenship in line with Decree Law No. 15 (1959) and its amendments.

This week’s Cabinet meeting underscored Kuwait’s comprehensive efforts to fortify financial stability, enhance healthcare self-reliance, combat financial crime, and spearhead environmental responsibility, while ensuring legal and administrative oversight in citizenship matters.