Kuwait's recent wage hikes have raised concerns about the sustainability of its public finances, its central bank governor told the state news agency KUNA, citing a preliminary report from the International Monetary Fund (IMF).
The IMF said Kuwait's fiscal stimulus had helped non-oil sectors to recover from the global financial crisis, Governor Mohammad al-Hashel was quoted as saying by KUNA.
"But elements of the fiscal stimulus, such as the increase in wages in the state budget for the financial year (2012-2013) raised concern about the sustainability of public finances in the medium term ... and management of public finances in the short-term," the report said.
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