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Covid-19 Economy Impact

Bahrain to reschedule several construction projects

Article-Bahrain to reschedule several construction projects

Bahrain’s Cabinet to reduce the operational expenses budget for ministries and government by 30%

The Bahrain Cabinet has announced that it will reschedule several construction projects in order to meet costs of curbing COVID-19.

According to Bahrain News Agency, the Cabinet took the decision to reduce the operational expenses budget for ministries and government by 30%, unless public interests require otherwise.

In an effort to absorb the emergency expenses to curb the spread of COVID-19, HRH Prime Minister Prince Khalifa bin Salman Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Premier, also agreed to reschedule a number of construction and consulting projects.

Through a memorandum submitted by the Minister of Finance and National Economy, the session was also informed on the amounts spent from the emergency funds allocated by the Cabinet for dealing with the challenges created by the COVID-19 pandemic thus far.

Bahrain is the latest country in the Gulf to look at budget-saving measures following the COVID-19 outbreak. The government has since injected a USD 11.4 bn stimulus package into the private sector.

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