The Finance Ministry’s actuarial study on the Universal Healthcare Act — which will determine the necessary costs and resources to implement the program — will be completed in March, Deputy Finance Minister Mohamed Maait tells Al Mal. The study should help the government choose the best way to roll out the act in light of rising inflation. The act was expected early in 2017 but had been pushed to the second half of the year due to rising costs. Earlier reports suggested that the plan will be paid for in part through a new tax on cigarettes, alcohol, and automobiles, while employers cover the balance, by paying the equivalent of 3% of each employee’s salary into a healthcare fund and deducting a further 1% of each staff member’s pay cheque.
More from Enterprise
Your points are currency, treat them like one
Most people treat credit card points like a pleasant surprise:…
How should young people think about money and budgeting?
Your income and your time are your biggest assets in…
Thndr is layering up its stock-trading platform and integrating wealth management
The platform has added on digital gold, fractional real estate,…
The apps reshaping how we manage money
Today, users can invest in stocks, gold, or money market…