Finance Minister stresses pension fund sustainability

Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa has hailed the parliamentary approval of law decree 45 of 2018 on setting pension of ministers and fixing the pension bonuses allocated for members of the Shura Council, the Council of Representatives and the municipal councils.

“The move is part of the measures which aim at consolidating the sustainability of the pension funds for the sake of citizens”, he said, stressing the importance of preserving the stability, efficiency, and durability of the funds, without prejudicing rights. The minister commended the Council of Representatives which convened in an extraordinary session to approve the law 46 of 2018 on providing support to the Fiscal Stability Programme, commended the brotherly countries for backing the Kingdom.

The minister commended cooperation with the legislative branch of government to continue the development momentum, led by His Majesty King Hamad bin Isa Al Khalifa.