The National Assembly in a supplementary session on Wednesday approved a draft bill for issuing the 2014-2015 annual development plan, in the first second readings.
Up to 32 percent of the plan was achieved by September 30, and KD 2 billion, out of KD 7 billion, was spent, Minister of Social Affairs and Labor and Minister of State for Planning and Development Hind Sabeeh Al-Sabeeh told the session.
The value of a previous four-year plan, 2010-2014, hit KD 22.6 billion, only KD 11.8 billion, about 52 percent, was used, Al-Sabeeh added.
The new plan "does not comprise any stereotype projects, but focuses on grand projects related to its policies and targets, through coordination between the Ministry of Finance and the General Secretariat for Development Planning (GSDP)", the minister noted.
Follow-up teams for such projects will be formed in cooperation with the National Assembly's priorities committee.
According to Al-Sabeeh, the private sector's share in grand project of the plan hit 50 percent.
Meanwhile, the Assembly today approved and referred to the government six reports by the Parliamentary Financial and Economic Affairs Committee on draft bills regarding Kuwait's subscription for increasing the capital of Arab and Islamic institutions and agencies.