Kuwait Cabinet Resigns Over Oil Wealth Spending ...Middle East

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Kuwait Cabinet Resigns Over Oil Wealth Spending
source : OILPRICE ( Middle East ) () 29
Kuwait’s new Cabinet has resigned amid protests over a planned spending spree of the country’s oil wealth by the Assembly, which some fear would drain state coffers to the point of no return.  The Cabinet’s move to resign is meant to hinder the Assembly’s attempts to push through spending bills that would see the government buying back consumer loans and raising salaries and benefits, among other things.  The prime minister submitted the government's resignation to the crown prince "as a result of what has become…

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