Kuwait Employment and Career News
World Bank warns Kuwait against further pay hikes
Kuwaitis have been drawing higher salaries than nationals of other countries in the world, revealed a comparative study conducted by the World Bank recently.
The World Bank has therefore warned the Kuwaiti government against approving any further proposal for pay hikes of citizens. Kuwait largely depends on oil revenue as its main source of income. About 84 percent of oil revenues have been allocated for salaries. Therefore, Kuwait needs to look at other sources of income too, to meet their requirements.
This study report by the bank, created a furore in the local market, mainly because discussions are underway for 37percent pay hike.
The government sources, in the meanwhile have refused rumours about any plans to increase salaries of citizens employed in public and private sectors.
Sources in the Civil Service Commission (CSC) have held a series of meetings to discuss the World Bank report, but any salary increase for citizens were not tackled.
Sources also revealed the plans by the government to evaluate the fee charged for various services. However, this may require amendment of certain legislations, including the one issued in 1992, which bans increase in fee for services offered by the country.
Therefore, the sources affirmed the need to consider alternative options for income, to be included in the development plan by the government.
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