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Diversifying revenues.. the most prominent reform challenges
First 2024/08/20
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The Prime Minister's Advisor for Financial and Economic Affairs, Dr. Mazhar Mohammed Saleh, told Al-Sabah that "diversifying and maximizing non-oil revenue sources in the general budgets is one of the biggest reform challenges in the financial and economic fields in the country. These challenges come from the link between diversifying budget resources and the success of diversifying the country's gross domestic product, especially the three sectors of agriculture, industry and services, as the oil production sector still dominates a percentage of the components of that gross domestic product that reaches 60 percent, which gives the national economy a rentier nature and direct coexistence with the financial flows provided by the oil resource and nothing else, mostly."
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