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Volume :37 Issue : 142 2011      Add To Cart                                                                    Download

The Public Housing Program in Kuwait: An Assessment of Financial Constraints and Future Challenges.

Auther : Dr. Mohammad Ramadhan‡ - Ms. Marwa Al-Musallam - Mr. Adel Naseeb

     In the light of the constraints on public budget, the future of the housing provision program is less promising considering the expected increase in the number of future applicants over the next decade. This paper examines the role of the government in providing housing care in Kuwait and forecasts the financial resources required to meet the current and expected demand for housing over the period (2009-2020). The analysis of the government expenditure on housing exposed the inefficiency of the current system and its inability to absorb future demand. The forecast analysis revealed that the financial resources required for financing future demand ranges between KD (8.61-14.70) billion. The study concludes that the housing policy must be reformulated with the objective of reducing the applicants waiting period in an orderly manner and the provision of a variety of less costly housing alternatives with a shorter payback period.
 

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