MP Defends Unemployment Fund Despite Falling Returns
TDT | Manama
Email: mail@newsofbahrain.com
MP Hasan Ebrahim has defended Bahrain’s unemployment fund, saying it remains financially strong despite declining investment returns in 2024.
He highlighted net assets of BD530.9 million and described the fund as a “successful national model,” noting its key role during the COVID-19 period in supporting private sector wages.
However, Parliament’s Financial Committee has urged rejection of the fund’s 2024 accounts, citing weaker performance.
Income
Investment income dropped by 38.5%, while assets fell 11% to BD546.4 million. At the same time, benefits paid rose 17%, raising concerns about longterm sustainability.
Ebrahim acknowledged challenges, including slower returns and rising payouts, and called for a review of investment policies to ensure the fund can meet future obligations.
He also praised the government led by HRH Prince Salman bin Hamad Al Khalifa the Crown Prince and Prime Minister for efforts to support economic stability.
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