Bahrain will add around 177 million dinars ($470 million) to its 2020 state budget in emergency spending on fighting the coronavirus pandemic, BNA said today, reporting a royal decree issued by His Majesty King Hamad bin Isa Al Khalifa.
To this end, $450 million will be taken as a one-time deduction from the Future Generations Fund (FGF), a fund set up in 2006 to reinvest hydrocarbon revenues, and allocated to this year’s state budget.
The decrees also announced a temporary halt to the allocation of oil revenues to the FGF until the end of 2020.
The kingdom has registered over 32,000 cases of the coronavirus and 109 deaths.
