Bahrain Mirror: Official documents issued by the Bahraini Ministry of Labor revealed that the unemployment insurance system has a monthly surplus of at least 3 million BD.

The system that registered a surplus that reached about 400 million BD 96 months after entering into effect, managed to add a monthly amount of at least 4 million BD to its savings supervised by the Public Authority for Social Insurance. Only one quarter of that amount is added for the benefit of the expenditure which is distributed by the trust fund among unemployed individuals officially registered at the Labor Ministry as well as the "compensation" granted to those who lost their jobs because of reasons beyond their control.

The data that included the quarterly report-according to Al-Wasat newspaper-in the period starting from January 2014 until June 2015 showed a constant expenditure as it ranged between 774,550 BD in March 2014 and 955,500 BD in January 2014.

The ministry's reports showed a continual decrease in the number of unemployed people that reached 9022 in October 2013, 8092 in January 2014, 7022 in July 2014 and 6051 in June 2015, which means there is a direct effect on the reduction of monthly expenditure of the government's unemployment insurance system.

On the other hand, the state's revenues are witnessing a hike, as a result of the constant growth of the workforce, according to the labor market indications issued by the Labor Market Regulatory Authority, which points out that the rise in foreign workforce by the end of the first quarter of 2015 to 538,480 workers in comparison to 508,002 workers in the same period of the previous year, recording an annual increase of 6%.

As for the national workforce, Bahraini workers reached 156,429 by the end of the first quarter of 2015, recording an annual increase of 1.2% compared to 153,525 workers in the first quarter of 2014.

Arabic Issue