Bahrain: In accordance with the royal directives, launching a financial and economic package worth BD 4.3 billion in support of citizens and the private sector

Submitted by cambrosio on Thu, 04/02/2020 - 18:18
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moh.gov.bh (17.03.2020) The government guarantees electricity and water bills for all subscribers from individuals and companies for each of the months of April, May and June of this year, not to exceed the bills for the same period of last year for each subscriber with a total value of 150 million Bahraini dinars.
 

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The government strengthens the unemployment fund and payments for the months of April to June, and guarantees electricity and water bills for all individual and company subscribers during the same period.

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3/17/2020
In accordance with the royal directives of His Majesty King Hamad bin Isa Al Khalifa, the country's monarch, may God protect him and his patrons, to unite national efforts to face the repercussions of the global spread of the Corona Virus (COVID-19) at the local level, in order to preserve the health and safety of citizens and residents in parallel with the continuation of the state’s programs and its course of action To achieve the endeavors of sustainable development for the benefit of citizens and to follow the decisions of the government headed by His Royal Highness Prince Khalifa bin Salman Al Khalifa, may God protect him and the orders of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander, First Vice President of the Majlis Minister of God to save the launch of a financial and economic package to provide the necessary liquidity to the private sector to deal with the effects of the current situation to deal with the virus in order to maintain sustainable growth. Today a financial and economic package of 4 was announced.

 

- The government will refer a bill as a matter of urgency according to Article No. (87) of the Constitution, in order to pay the salaries of Bahraini citizens in the private sector through the unemployment fund for months (April, May and June) for the year 2020 according to the maximum salary stipulated in the Social Insurance Law, and that With a total value of 215 million BD.

 

- The government guarantees electricity and water bills for all subscribers from individuals and companies for each of the months of April, May and June of this year, not to exceed the bills for the same period of last year for each subscriber with a total value of 150 million Bahraini dinars provided that the government restructures the administrative expenses of government agencies, including It does not affect the general budget of the state.

 

Exempting commercial establishments from the municipal fees for each of the months of April, May and June of the current year, with a total value of BD 25 million.

 

Exempting the industrial and commercial establishments from the fees due on the leasing of government industrial lands for the months of April, May and June of the current year.

 

Exempting the tourist establishments and facilities from the tourism fees for each of April, May and June of the current year.

 

Double the size of the liquidity fund by BD 100 million, to reach BD 200 million.

 

- A package of decisions from the Central Bank of Bahrain to raise the lending capacity of banks by the equivalent of BD 3.7 billion, to give them the flexibility to deal with customer requests to postpone installments or additional financing.

 

- Reorienting Tamkeen Labor Fund programs for companies affected by the current conditions to confront the Corona Virus (Covid 19), with restructuring of loans in cooperation with banks, with a total value of BD 60 million.

 

The government team of Excellencies and Excellencies stressed during the press conference the continuation of the government's efforts to maintain sustainable growth, stressing that the health and safety of citizens and residents is a top priority that all government efforts are directed to, and that with the cooperation and solidarity of all and putting national interests high we will be able to transform the impossible as possible and in reality and turn the challenges towards More promising quality opportunities for the benefit of the country and citizens.