Bahrain: Parliament Approves 2021-2022 Budget with Deficit Reaching 1.2 Million BD
2021-03-03 - 9:41 am
Bahrain Mirror: The House of Representatives approved (Tuesday, March 2, 2021) the State Budget draft for 2021-2022.
Bahrain expects to post a deficit of 1.2 billion dinars ($3.20 billion) in 2021, state news agency BNA said, citing the finance ministry.
Bahrain projected a budget of 3.6 billion dinars for 2021 with revenues expected to amount to 2.4 billion dinars, BNA said.
The Ministry of Finance and National Economy revealed the most prominent clauses of the 2021-2020 state general budget, which came as a result of what was agreed and approved by the House of Representatives. The ministry highlighted "the challenges the Kingdom and the whole world are witnessing due to the Coronavirus epidemic and the decline of oil price in the international markets."