KuwaitX embarks on strategies to enhance non-petroleum income and manage expenditures effectively
In a series of meetings, the Economic Affairs Committee of the Kuwaiti Cabinet, chaired by Dr. Subaih Abdulaziz Abdul Mohsen Al-Mukhaizeem, has been actively discussing strategies to improve the country's financial standing and secure its resources for future generations.
Dr. Al-Mukhaizeem, who holds the positions of Minister of Electricity, Water and Renewable Energy, Minister of Finance, and Acting Minister of State for Economic Affairs and Investment, has been leading the discussions. The committee has been collaborating with its members and officials from relevant government agencies to address the issues at hand.
The meetings, which were called in response to directives from the political leadership, have been focused on several key areas. The government aims to rationalize subsidies to preserve resources, improve public spending efficiency, and efficiently utilize both domestic and imported resources.
One of the initiatives discussed was the creation of a database to monitor the country's strategic stock of food, drugs, and water. This move is aimed at ensuring sustainable security in the sectors of food, drugs, and water. The committee also works towards meeting the needs of the population through sound governance of the food and drug security system.
The Cabinet's Food, Drug, and Water Security Committee has been reviewing proposals and studies related to these matters. The committee's discussions have primarily focused on measures aimed at increasing non-oil revenues. The government affirms that Kuwait's robust assets and reserves provide strong support for the national economy.
In the context of these discussions, Dr. Ahmed Al-Awadhi, the Minister of Health and Committee Chairman, emphasized the provision of essential food and medicine. The committee's efforts are geared towards diversifying income sources and enhancing the state's financial sustainability.
However, the text does not explicitly name other persons or organizations involved in drafting proposals to improve financial control and increase non-oil revenues. Therefore, no additional entities can be identified based on the provided information.
In conclusion, the Economic Affairs Committee is working diligently to secure Kuwait's future by addressing financial and economic issues and ensuring sustainable security in the sectors of food, drugs, and water. The committee's efforts are a testament to the government's commitment to providing for its citizens and safeguarding the country's resources for future generations.
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