Money & BusinessBahrain

Bahrain: MPs Approve BD215 Million Unemployment Fund Withdrawal

The House of Representatives unanimously approved yesterday an urgent draft-law to withdraw BD215million from the unemployment fund to pay for the salaries of Bahrainis in the private sector for three months (April to June).

The move is part of measures accompanying the BD4.3billion stimulus package approved in accordance with the Royal directives to unify national efforts to confront the effects of the coronavirus (COVID-19) pandemic at the local level, and to protect the health and safety of the citizens and residents.

During the discussion of the draft-law, members of the council called for the inclusion of self-employed citizens, professionals and craftsmen.

The draft-law now goes to the Shura Council Chamber for Services Committee to discuss with government officials to draft out a report. This will then be added to the agenda of the weekly Shura Council session for all members to debate and pass their votes.

Once approved, it goes to His Majesty King Hamad bin Isa Al Khalifa for ratification. The draft law follows constitutional procedures in line with the Social Insurance Law.

The government’s BD4.3billion stimulus package will maintain the continuity of the government’s programmes and work to achieve sustainable development. It is in line with the decisions of the government, led by His Majesty the King, HRH the Prime Minister Prince Khalifa bin Salman Al Khalifa, and HRH Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Premier.

The package will provide the necessary liquidity for the private sector to address the effects of the current situation, combat COVID-19, and maintain sustainable development.


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