Tue, 30 June 2020
The government of Bahrain has announced that the domestic electricity costs for Bahraini citizens will be met for a three-month period starting July 2020. Costs for the same will be covered to the extent of the full cost for the same period in the preceding year.
This was stated by Bahrain’s Minister of Finance and National Economy, H.E. Shaikh Salman bin Khalifa Al Khalifa, yesterday when announcing the extension of stimulus measures to support private sector jobs and citizens.
H.E stated that in line with Royal Directives, the Government has decided to take additional stimulus measures following consultation with the Legislative Authority and the Bahrain Chamber of Commerce & Industry.
Economic sectors most adversely affected by the repercussions of COVID-19 will be further supported by the Labour Fund (Tamkeen) according to the controls and conditions approved by its Board of Directors.
Bahrain’s Minister of Finance and National Economy, H.E. Shaikh Salman bin Khalifa Al Khalifa said:
“We review our necessary and targeted economic interventions on an ongoing basis, always ready to make adjustments or take additional steps, where we anticipate emerging pressures or particular sector requirements.
This additional package of measures announced today will further reduce pressure on householders and families across the Kingdom, at the same time as supporting the many jobs of those employed in the private sector, as their employers continue to respond to the unique economic challenges posed by COVID-19.
Our COVID-19 response objectives remain unchanged – to protect the health and employment of our citizens, and the long-term strength of our economy.
Until such time as we can return Bahrain to delivering strong and sustainable economic performance and growth, the Government remains committed to early, targeted and effective economic intervention and support.”
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