IMF asks Kuwait to accelerate reforms and impose taxes – Saudi Gazette

IMF asks Kuwait to accelerate reforms and impose taxes – Saudi Gazette

IMF asks Kuwait to accelerate reforms and impose taxes. Spending, mostly on hard-to-reverse categories such as salaries and social aid, expanded by 25 percent only in the past two fiscal years while the public wage bill has grown by a bout 6.0 percent annually, the IMF said.. The IMF said that without reforms, the government's financing needs are projected to grow rapidly, accounting for $180 billion over the next six years.. To gain broad support, the proposed fiscal measures should be part of a comprehensive reform package that fosters private sector growth and jobs, reduces waste and improves the quality of public services, and strengthens government accountability and transparency," the IMF said..