Kuwait is losing a lot of money very fast due to oil price dropping and covid-19 effecting how much oil they can sell. The Kuwaiti government is mainly funded by oil sell. Oil makes up 85% of the revenue that goes into the government to spend on infrastructure, military and other things. To slow down the amount of money the Government is losing may are saying they should take loan from the international system. The opers to this state that they do not want to be in debt, they feel they can work through this by moving money around. Another option that was brought up was to tax the people more. This Idea was hoot down quickly with the quote, “the government must reduce waste and corruption before passing the burden onto the public or resorting to debt. ”
I think this I a big deal if the Kuwaiti government does not find a way to fill the holes in it budget then they will be experiencing more and more problems down the line and in future generations. Kuwait will go from a very rich nation to a very poor nation because a majority of their revenue and profits come from exporting oil. so if they do not find another major way to make up for that loss then they are looking at savere increase in poverty and economic value since they are losing their main stem of funds
How this connects to class is through the different personality of each nation. such as if the United states were to be in that situation we would have no problems going into a little bit of debt to get through that hard time. Where as Kuwait is the opposite where it seems they are doing everything in there power to stay out of best to any nation.