KD 2.4b spent on citizens working in pvt sector

(MENAFN- Arab Times) KUWAIT CITY March 29 (KUNA): The State of Kuwait spent approximately KD 2.480 billion (around USD 8 billion) worth of social and children allowances for citizens employed by the private sector between 2001 and end of last December announced the top man in the national labor employment program.

Secretary General of the Manpower and Government Restructuring Program (MGRP) Fauzi Al-Majdali interviewed by KUNA spoke at length about results of implementing Law 19/2000 saying up to 109774 Kuwaiti male and female nationals benefited from these state allotments since launching the program till end of December 2014.

These allocations for the citizens working in the private sector reached some KD 2.480 billion Al-Majdali said adding that number of those who received the social allowance in 2014 reached 74078 and overall funds disbursed for both allotments the same year amounted to KD 486 million. The USD is traded at KD 0.299).

The Law 19/2000 had been issued with aim of encouraging citizens seek jobs in private companies and institutions to relieve the over-staffed public establishments and authorities. According to Kuwait Central Statistical Bureau number of the Kuwaitis and non- Kuwaitis serving in the government sector increased from 271094 in 2009 to 337171 in 2013 with a 24.4 percent rise. The public sector's attraction of bulk of the work force was attributed to various reasons such as the international financial crisis ripples of which hit local companies that resorted to tight-belt policies and trimming number of employees.