Institute of International Finance (IIF) said that a number of Arab countries, including Bahrain, are at risk after their public debt exceeded the Gross Domestic Product.

Bahrain's public debt has set a new record surpassing the 13 billion dinar ceiling, despite a Gulf-backed structural plan which aims at achieving a balance between revenues and expenses.

Bahrain has spent $4 million on an international prize which no one knows anything about. This figure includes the total amount awarded by the "Isa Award for Service to Humanity" to 4 winners in four sessions since its launch.

Public debt in September increased by 752 million dinars (US$2 billion), reaching 12.045 billion dinars, according to the latest statistics issued by the Central Bank of Bahrain. This figure represents about 85% of the kingdom's GDP.

Why doesn't the Finance Ministry present transparent data on the public debt? Why did it reveal a number less than the actual one last year? How did the government exceed the legal debt ceiling? What are the independent companies that don't add their debts to the general balance? Is there actually any independent company?

National Audit Office report said that the Finance Ministry and some government parties and companies directly borrowed from external funds without including their debts in the public balance registered in the Ministry of Finance and the National Economy.

Has Bahrain lost control of its public debt? The sharp rise in government debt can't be attributed only to the fall in oil prices, but also to several other factors, most notably the political turmoil and failure of the government's economic policies.

Bahrain is making good progress on its fiscal consolidation plan and is on track to eliminate its deficit by 2022 as planned, Finance Minister Sheikh Salman bin Khalifa Al Khalifa said on Saturday.

Bahrain raised $2 billion with its first issue of U.S. dollar bonds since it obtained a $10 billion bailout from its Gulf allies last year to avert a credit crunch.

Bahrain's public debt reached 11.29 billion dinars in the first half of this year, while the Central Bank of Bahrain has not announced any new issuances of foreign bonds this year, according to the latest data published on its website.

Bahrain's Minister of Finance Salman bin Khalifa Al Khalifa said that the actual deficit recorded during the first half of this year amounted to BD 404 million, BD 245.9 million lower than the BD 650 million half-year deficit recorded during 2018.

The Al-Wefaq National Islamic Society issued a statement on the general budget for the fiscal years 2019-2020, which was submitted to the House of Representatives and the Shura Council and passed in one session.

Minister of Finance and National Economy Salman bin Khalifa Al Khalifa said that interests of public debt in 2019 budget reached BD 640 million.

Bahrain has scrapped a plan to reform its cumbersome subsidy system, officials said on Tuesday, as authorities worry it could trigger more unrest in the Gulf island and complicate government efforts to repair public finances.

Data from the Central Bank of Bahrain (CBB) showed the public debt of Bahrain during the first quarter of 2019 remained stable at 11.457 billion BD.

Kuwait signed an agreement to support Bahrain's economy as part of a series of fiscal reforms Bahrain has embarked on last year, Kuwait's finance ministry said on Tuesday, formalizing a previously agreed package.

The Central Bank of Bahrain announced that the new issue of weekly Government Treasury Bills given out by the Central Bank of Bahrain on behalf of the Government of Bahrain has been oversubscribed.

Public debt fixed at BD 11.45 billion in January 2019, backed by the effects of the fiscal balance program funded by Gulf countries, the Central Bank of Bahrain said on Monday.

Low oil prices increase the credit challenges of the Gulf Cooperation Council (GCC) states, especially Saudi Arabia, Kuwait, Oman and Bahrain, said Moody's credit ratings agency.

Fitch Ratings has affirmed Bahrain's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook.