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Tue 16 Jun 2020 10:55 AM

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Bahrain agrees $470m emergency funding to fight Covid-19

Bahrain's Cabinet also approves proposal to exempt tenants of state-owned commercial outlets from paying rent for three months

Bahrain agrees $470m emergency funding to fight Covid-19

His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa chaired the regular weekly Cabinet session.

An additional BD177 million ($470.7m) will be injected into Bahrain’s budget this year in order to deal with emergency expenses incurred as a result of fighting the coronavirus pandemic.

The draft decree was approved at the weekly Cabinet session, chaired by Prime Minister Prince Khalifa bin Salman Al Khalifa.

According to a report on the Bahrain News Agency, “the bill aims to allocate a budget not exceeding BD177m to deal with the emergency expenses required for mitigating Covid-19 impacts and curbing its spread”.

The session also approved a proposal from the Council of Representatives on exempting the tenants of state-owned commercial outlets from paying rent for three months as a result of the coronavirus outbreak.

The report said: “The proposal has already been achieved on the ground following HRH Premier’s directives to stop collecting rents from the tenants of municipal and Supreme Council for Environment property, in addition to the Cabinet’s resolution to stop collecting rent from tenants of Eskan Bank-owned shops.”

Further endorsement was given to a proposal to support small, medium-sized and micro private sector enterprises through the BD 4.3 billion stimulus package announced by the government to confront Covid-19 in the kingdom.

Since the outbreak of the pandemic, there have been 19,013 cases of coronavirus registered in Bahrain and 46 deaths.

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