BD177 million extra to fight virus in 2020 budget

MANAMA: An extra BD177 million emergency funds are to be pumped into the general state budget for 2020.

These funds will be spent to meet emergency costs resulting from Covid-19 and support efforts to combat the pandemic.

This was announced as His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa chaired the weekly Cabinet session remotely, attended by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Premier.

A draft law decree authorising the emergency expenses will be issued, based on the recommendation of the Executive Committee, chaired by the Crown Prince.

The draft legislation was submitted by the Finance and National Economy Minister, said Cabinet secretary general Dr Yasser Al Nasser.

The Premier ordered the activation of the law on marine resources, including clauses related to Bahraini fishing boat captains (Noukhadha).

He instructed the ministerial committee for development projects and infrastructure to draw up mechanisms aimed at deterring violators, regulating fishing and protecting marine resources.

Owners of private school buses transporting students will receive government assistance. The Premier followed up on measures taken by the Labour and Social Development Ministry to help them, on par with other pandemic-hit categories that received help.

He directed to scrutinise studies and proposals submitted by Bahrain Chamber of Commerce and Industry and Bahrain Businessmen’s Association regarding the Covid-19 impact on economic sectors.

A draft decree amending provisions of the law on reorganisation and bankruptcy was endorsed, based on the Executive Committee’s recommendation. The proposed legislation aims to promote transparency regarding reorganisation and bankruptcy procedures and enhance creditors’ rights and role.

Lessees of government-owned trading outlets have been exempted from paying monthly rents for three months.

The Premier has already issued directives in this regard, benefiting tenants of outlets owned by the Supreme Council for Environment. The Cabinet had also exempted tenants of trading outlets owned by Eskan Bank.

 

Source: http://www.gdnonline.com/Details/825510/BD177-million-extra-to-fight-virus

 

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