MEW collects KD 323m revenues within 9 months in 2021 – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

MEW collects KD 323m revenues within 9 months in 2021 – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

KUWAIT CITY, Jan 20: The Ministry of Electricity, Water and Renewable Energy collected revenues amounting to KD323 million within nine months since the start of the State’s budget year in April 2021 until the end of December of the same year – a collection rate of 58.2 percent compared to the budget estimate of KD555 million, reports Al-Rai daily quoting sources. These revenues are fees for electricity and water; power supply for new buildings in the sectors of private housing, commercial, investment, agricultural, government and industrial; and other services. The report of the Ministry of Finance indicated that the total revenues during the aforementioned period is higher compared to the revenues in 2020, when the revenues reached KD122.7 million or 24.8 percent of the total budget estimate of KD495.6 million.

Increase
Sources from the ministry attributed the increase in revenues to several factors; including the increase in the number of various electronic services through the ministry’s website; foremost of which is the electronic payment and power delivery, in addition to the lifting of corona related restrictions in the last period.