Sheikh Salman bin Khalifa Al Khalifa, Bahrain’s Minister of Finance and National Economy, announced the government’s intention to refer a new bill to the legislative authority, to increase the deduction from oil sales for the benefit of the future generations reserve, in a way that supports the Future Generations Reserve Fund and enhances its revenues, explaining that the current law A dollar deduction is imposed if the price per barrel exceeds $ 40.
The minister indicated, in statements carried by Bahrain News Agency, on Sunday, that the new legislation is one of the important tools that will contribute to putting the fund in its appropriate position to cover the expenses that have been withdrawn from it to support the state budget as part of the efforts to address the Corona virus, pointing to the importance of continuing work to support The fund was considered one of the important funds that contributed to mitigating the repercussions and impacts of the pandemic in the Kingdom.
source: Dubai – (East)