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“Where Did Our Money Go?”: Kuwaitis React to The Reserve Crisis
In a startling revelation, Finance Minister Anwar Al-Mudhaf announced that Kuwait’s General Reserve Fund is nearly depleted. He reported that the reserve, which stood at 33.6 billion dinars in 2015, has now plummeted to less than 2 billion dinars for the fiscal year 2023-2024. This drastic decline is attributed to continuous withdrawals to cover the financial deficit.
Al-Mudhaf highlighted the significant drop during a recent session, stating plainly, “Our general reserve… has vanished.”
This announcement has sparked a wave of reactions across Kuwait. Many citizens are expressing their shock and frustration on social media, questioning how the situation reached this critical point.
The Public’s Reaction
Kuwaitis are voicing their concerns loudly and clearly. Many are worried about the future and the country’s financial stability. Social media platforms are buzzing with discussions and debates, with some users demanding more transparency and better financial management from the government.
One common sentiment is a call for accountability. People want to know how the reserve fund was managed and why such a significant decline went unchecked.
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