Kuwait needs to increase government spending and support the private sector to overcome imbalances in its economy, the central bank governor said in television remarks.

The Opec member's dependence on oil and the government's control on all sector are causing the main imbalances in the economy, Sheikh Salem Abdul-Aziz al-Sabah told CNBC Arabia television in an interview aired on Tuesday.

Earlier, Sheikh Salem was quoted by Kuna saying that the country's economy is undergoing imbalances which needed to be corrected, but did not give more details. - Reuters