Bahrain seeks to overcome budget deficit

Mubasher: Bahrain started to take some procedures to overcome its budget deficit such as redirecting the subsidy to nationals and amending the prices of some commodities and services, said analysts and economists.

The kingdom's economic and political decision makers are facing a major challenge as oil prices are expected to reach $135 a barrel compared to less than $30 currently.

The government confirmed that it is going ahead with its development projects to achieve sustainability despite the financial shortfall.

 

  

  

Mubasher Contribution Time: 30-Jan-2016 14:28 (GMT)