Sunday 1 April 2012

Kuwait penniless in 2020? | Kuwait Times

Reports are being circulated about the possibility of Kuwait going penniless in 2020, and the country’s inability to meet its commitments in that year. This is dangerous talk and no citizen can go past it. So what about officials in the government, National Assembly or any official media that is responsible for informing the citizen about basic information related to life and future? Nobody cared about this rumor and failed to comment on it. Also, MPs did not ask for a public discussion of this issue. In fact, the lack of movement by the government through instant and serious measures can tantamount to neglect of constitutional duty.

I found out that one of the reports prepared by former British Prime Minister Tony Blair about the future of Kuwait, touches on this subject. Also, there was news from an official of an international bank who commented on the rise of Kuwait government’s expenditure, and the possibility that Kuwait may face financial difficulties in 2020, bearing in mind that this employee does not represent the bank. Despite that, the mere spread of such talk about a state’s finances and its liquidity in a relatively short time, calls for a quick response from official authorities.

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