Finance Ministry: Bahrain's Public Debt Amounts to BD16.7 Billion
The Ministry of Finance and Economy confirmed that as of December 2022, the total public debt amounted to about 16.7 billion dinars, equivalent to 101% of GDP in 2022.
Bahrain without 2021 Fiscal Balance, Deficit Reaches 3.4 Bln and Public Debt without Ceiling, Who Protects Citizens?
Raising Bahrain's public debt ceiling to 15 billion dinars ($39.682 billion) puts further pressure on the country's public budget, while plans to pay off accumulated debts since Hamad bin Isa Al Khalifa took office in 1999 are absent.
Analysis of Bahrain Budget over 7-Year Period: There's a Secret and Public Budget (Study by Al-Wefaq)
Al-Wefaq National Islamic Society launched an analytical piece on the Kingdom's public budget from 2016 to 2022.
Bahrain to Borrow BD300 Million in 2021 to Cover Budget Deficit: Finance Ministry
The Shura Council's financial and economic affairs committee recommended the approval of a decree that raises public debt ceiling from BD13 to 15 billion.
Gov't Thanks Volunteers for Combating Coronavirus yet Employs Foreigners Instead
Responding to criticisms of MP Ibrahim Al-Nafei, Finance Minister Salman bin Khalifa Al Khalifa said last Wednesday "those who protect the country, combat Coronavirus, leave their families and remain in the front lines will be thanked and appreciated like those who work for the country and protect public wealth."
Bahrain: Parliament Approves 2021-2022 Budget with Deficit Reaching 1.2 Million BD
The House of Representatives approved (Tuesday, March 2, 2021) the State Budget draft for 2021-2022
New Draft Legislation to Increase Deduction in Support of Future Generations Reserve Fund
The Government is planning to refer a draft legislation to the legislative branch to increase the deduction from oil sales in support of the Future Generations Reserve Fund.
Supporting Countries to Postpone Scheduled Aid Payment to Bahrain due to Coronavirus
Cross-cutting sources said that the Gulf countries supporting Bahrain recently announced the postponement of a payment scheduled last September under the financial balance program.
Bahraini Gov't Decides to Search for Alternative for Financial Balance Program
The story of the Financial Balance Program started in October 2018 and ended in October 2020.
Crown Prince Appoints 15 Directors at 7 Gov't Institutions
Crown Prince Salman bin Hamad Al Khalifa, Deputy Supreme Commander and First Deputy Prime Minster, issued edicts appointing 15 directors at 7 government institutions.
With Dangerous Numbers Recorded, Bahrain Needs New Fiscal Balance Plan
Recent developments have severely damaged the government's fiscal balance program in partnership with three Gulf supporters. It seems that Bahrain needs to prepare a new program to rebalance the country's finances.
Transparency Demanded from Liquidity Fund, Quota for Small Traders
A decision was made to double the Liquidity Fund in order to cope with the Coronavirus repercussions on the private sector, while the process of approval of applications lacks transparency, and small traders demand a "Quota" for their projects that have been the most affected by the virus.
Bahrain Pays back $1.25bln in Bonds
Bahrain has paid back $1.25 billion in bonds that matured on March 31, the Ministry of Finance and National Economy said on Wednesday.
Government of Bahrain Announces BHD 4.3 Billion Economic Stimulus Package to Counter Coronavirus Effects
The government of Bahrain announced a BHD 4.3bn economic stimulus package to support the country's citizens and private sector and counter the effects of the coronavirus (COVID-19).
Bahrain Authorises Finance Minister to Withdraw Funds to Deal with Coronavirus -State TV
Bahrain's cabinet authorised the finance minister on Monday to directly withdraw funds with a 5% ceiling from the public account to deal with emergency measures related to the coronavirus outbreak, state television reported.
Bahrain Deficit Shrinks to 4.7% of GDP in 2019
Bahrain's budget deficit shrank to 4.7% of gross domestic product (GDP) in 2019 from 6.3% a year earlier, the ministry of finance said on Monday citing preliminary fiscal results.
Liquidity Support Fund: Who’s It Benefiting So Far?
A Liquidity Support Fund was launched to provide financial facilitations to companies, amid questions about the beneficiary companies and demands for real market reforms and protection of Bahraini investors instead of flooding them with debts.
Retirees Allowances Separated from their Salaries: What’s Next?
Retirees on January 20, 2020, were surprised that their main salaries were deposited without their "livelihood improvement" and "social" allowances and without the set annual bonus of 3%, which sparked public concern. Some banks witnessed long queues of retirees waiting to inquire about their incomplete salaries.
Social Insurance Board of Directors hasn't Convened since Year: Newspaper
The board of directors of Public Authority for Social Insurance has not met for a year, local Al-Bilad newspaper said, noting that the last meeting was held in November 2018.
Gov't Companies Directly Borrowed from External Funds, Didn't Include their Debts in Public Debt
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.