MANAMA: Bahrain will add 177 million dinars ($470 million) to its 2020 state budget in emergency expenditures arising from fighting the new coronavirus pandemic, state news agency BNA said on Monday, citing a royal decree.
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, another new decree said.
The decrees also announced a temporary halt to the allocation of oil revenues to the FGF until the end of 2020.
Bahrain has reported just under 33,000 cases of COVID-19 and 108 deaths.
