Government of Bahrain to pay residents’ electricity and water bills for three months

The promise is part of a BHD4.3 billion economic stimulus package

Government of Bahrain to pay residents’ electricity and water bills for three months

The Government of Bahrain is set to pay residents’ and businesses’ electricity and water bills for three months from April 2020 to counter the effects of the coronavirus (COVID-19).

A law that would pay the salaries of all private sector employees for three months from the unemployment fund has also been drafted.

The announcement is part of a BHD4.3 billion economic stimulus package, which is equivalent to 29.6% of Bahrain’s annual GDP.

Other measures announced will exempt individuals and businesses for municipal fees for the same period, and exempt businesses from land rental fees.

The Centre Bank of Bahrain’s loan facilities are set to be increased to BHD3.7 billion so debt instalments can be deferred.

All programmes from Tamkeen, the government agency which provides loans and assistance to businesses, will be redirected to support affected companies, and debts issued are also set to be restructured.

Announcing the package yesterday (March 17), ministers emphasised their commitment to doing all within their power to protect the health, safety and prosperity of all those within the Kingdom.

If you’re looking for all the latest coronavirus news, advice, and information for residents, make sure you check out our article here which is being updated daily.

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