Subsidy cuts ruled out in state budget

Government subsidies benefiting low-income families will not undergo any reduction in the 2021-2022 state budget.

“Cash allowances will continue to be disbursed to eligible recipients,” said Shura Council’s financial and economic affairs committee chairman Khalid Al Maskati.

In an exclusive statement to our sister paper Akhbar Al Khaleej, he stressed co-operation between the executive and legislative branches to preserve citizens’ gains, particularly of those low-income households.

“The amounts allocated in the 2021-2022 state budget for social allowances will remain intact,” he said.

He said that imposing taxes was not the only option, adding that Bahrain was late to levy fees, compared with other countries.

He underlined Bahrain’s success in mitigating the fallout of oil prices drop and the outbreak of the novel coronavirus (Covid-19).

He said that the recovery plan which was announced recently would contribute to revitalising the national economy, support further diversification of revenues and woo more investments.

 

Source: https://www.gdnonline.com/Details/1003365

 

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