The plan to close the Defense Forces Orchestra published last week has developed into the symbol of the state's austerity plan. The government wants to cut €60 million, all ministries need to look for saving spots.
Balance of Kuwaitis debts to be paid to banks about KD 12 bln - ARAB TIMES arabtimesonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabtimesonline.com Daily Mail and Mail on Sunday newspapers.
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Fears of a spike in inflation were fuelled today as official figures showed the CPI rate doubled to a year-high of 1.5 per cent in April.
The headline index was slightly higher than economists had expected, and up from an annualised figure of 0.7 per cent in March.
The surge in the cost of living came as gas and electricity prices rose sharply, as the default tariff cap was increased recently compared with a cut a year earlier.
Clothes shops also increased their prices last month as non-essential retail reopened on April 12, while rising oil prices saw motor fuel inflation rise at its fastest pace for more than four years.
Speaker invites MPs, govt to special Sunday session on Palestinian issue - ARAB TIMES arabtimesonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabtimesonline.com Daily Mail and Mail on Sunday newspapers.