COVID-19: Kuwait approves $2bn in bonuses for frontline workers

Dubai: Kuwait’s cabinet yesterday approved a draft bill to extend an additional credit of 600 million dinars ($1.99 billion) dedicated to bonuses for frontline workers tackling the coronavirus pandemic.

###

The draft law with additional credit in the budget of ministries and government departments for the fiscal year 2020/2021 has been submitted to Kuwait’s emir and will also be referred to the parliament, the cabinet said on Twitter.

###

Kuwait’s cabinet had submitted in February draft legislation to parliament that would allow the government to withdraw up to 5 billion dinars ($16.53 billion) from the country’s sovereign wealth fund annually, according to Reuters.

Click Here: Mexico football tracksuit###

The Gulf country has also introduced other measures to alleviate the COVID-19 pressure on economic sectors and on affected businesses.

###

The National Fund for Small and Medium Enterprises Development set up mechanisms to disburse support to eligible businesses affected by the coronavirus pandemic.

###

Authorities were also instructed to postpone the payment of all service fees provided by the state to the owners of suspended business activities.

Leave A Comment

Leave a Reply

Your email address will not be published. Required fields are marked *