Kuwait's central bank says government should cut spending
- Kuwait: Tuesday, October 02 - 2012 at 01:23
The governor of Kuwait's central bank, Mohammad al-Hashel has said the government should take all necessary measures to cut spending, and that current monetary policy settings are in line with economic developments, Reuters has reported. "We think it (the government spending) is very high and we should take all the necessary actions to reduce the current expenditure and spend more on investment and capital expenditure because this is the way for the future and we have to secure sufficient funds for future generations in order to continue the prosperity of our country," al-Hashel said.
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