Joint action key to sustain Bahrain’s economic recovery

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Joint action between the executive and legislative branches is key to sustain Bahrain’s economic recovery and growth amid the coronavirus pandemic.

Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa made the statement as he praised the government’s constructive cooperation with the legislature to serve the nation and citizens.

He said joint meetings are an assertion of keenness of both branches to continue joint action to support plans aimed at helping the national economy cushion the negative impact of the pandemic.

Shaikh Salman underlined the importance of synergised efforts to maintain economic growth and ensure success of initiatives aimed at promoting financial stability.

He stressed that the best option is always the one with limited effect on citizens, particularly those with low income.

The minister affirmed the government’s keenness on maintaining exclusion of 94 basic food commodities from the value-added tax (VAT) along with 1,400 government services.

Shaikh Salman highlighted the measures taken by the government, including reducing administrative expenditure, boosting the competence of government expenditure and promoting recovery and economic growth through commitment to implementing the fiscal balance programme to achieve balance between expenditure and revenues.