Manama: The executive and legislative authorities convened a joint meeting at the Council of Representatives to discuss proposed initiatives aimed at enhancing financial development and ensuring the continuation of citizen support programs.
According to Bahrain News Agency, the meeting was held in line with the vision of His Majesty King Hamad bin Isa Al Khalifa, which focuses on placing Bahraini citizens at the core of comprehensive development. The meeting also adhered to directives from His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, to advance social services, strengthen support programs, and prioritize Bahrainis in accessing services and entitlements.
The session was chaired by Speaker Ahmed bin Salman Al Musallam representing the Council of Representatives, Chairman Ali bin Saleh Al Saleh from the Shura Council, and Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, on behalf of the government.
Speaker Al Musallam expressed pride in the King's directives that emphasize sustainable development and improving the living standards of Bahraini families. He highlighted the Council of Representatives' dedication to discussing public finance development and presenting proposals that benefit the nation and ensure the sustainability of national resources.
Chairman Al Saleh described the joint meetings as a model of institutional national partnership, reflecting a shared commitment to financial reform and sustainable development. He stressed the Shura Council's role in enhancing policy efficiency and safeguarding national achievements.
Shaikh Salman bin Khalifa reiterated the government's commitment to collaborating with the legislative authority to achieve the vision of placing Bahraini citizens at the center of development. He noted the importance of transparent discussions on initiatives that ensure the continued provision of social services and prioritize citizens in service access.
The meeting resulted in a consensus on several initiatives to improve public finances, including:
1. Introducing a tax on corporate profits.
2. Increasing natural gas prices for factories and companies.
3. Introducing sewage fees, with exemptions for first homes.
4. Continuing employment programs for citizens and gradually increasing fees on foreign labor, excluding domestic workers.
5. Increasing the selective tax on soft drinks.
6. Introducing fees on undeveloped investment land with existing infrastructure.
7. Launching initiatives to reduce government administrative spending.
8. Increasing contributions from government-owned companies to the state budget.
9. Simplifying government procedures to support investment, attract foreign capital, and enhance the private sector.
The meeting underscored the importance of protecting public funds, improving spending efficiency, and ensuring support reaches those who are entitled to it while preventing misuse by financially able individuals. The government also confirmed the continuation of electricity and water subsidies for citizens' first homes and expressed appreciation for the legislative authority's constructive cooperation in improving the financial situation.