Electricity, water, petrol subsidies to be lifted in first six months of 2015

The government subsidy on electricity, water and petrol will be lifted within the first six months of 2015, local daily Arab Times reported quoting reliable sources. They affirmed that the move is part of the second phase of the governmental plan to reduce expenditures from the state budget, following the cancellation of subsidy on diesel and jet fuel.

The daily reported that the delay in issuing this decision was due to the delay by the concerned authorities particularly Fatwa and Legislation Department to allot necessary conditions in this regard, and its non-inclusion in the general budget of 2015-2016.

Daily added that he government, in the beginning of 2015, will refer to the parliament the details of its project that is aimed for controlling consumption and eliminating depletion, particularly since applying the same fees will increase the annual subsidy on electricity and water to KD7 billion.
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