DUBAI, Feb 13 (Reuters) - Kuwait's central bank
governor, Sheikh Salem Abdel Aziz al-Sabah, has resigned in
protest against a string of wage increases, al-Qabas newspaper
said on Monday.
The Arabic-language daily, citing unnamed sources, said the
governor had warned the authorities of the danger of increasing
public expenditure last year.
Central bank officials were not immediately available for
comment.
Kuwait's top policymakers, including Sheikh Salem, had
called on the government last summer to correct imbalances in
the oil-reliant economy and trim budget waste.
An advisory council was set up in the aftermath of the study
to examine the impact of higher public spending on the budget.
But less than a month later, Kuwait's oil minister announced a
wage increase for oil sector workers.
"The resignation had a direction connection to his
fundamental objections to the management of a string of salary
increases that began last September," the newspaper said of
Sheikh Salem's resignation, citing sources
In October, Sheikh Salem told Reuters that the world's No. 6
oil exporter needed mainly to tackle imbalances related to the
general budget, the labour market and the role of the private
sector, which reflect the government's dominance in the economy.
(Writing by Isabel Coles; Editing by Amran Abocar)
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