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NAO Report: $693 Million of Bapco Arrears
2018-12-20 - 11:36 p
Bahrain Mirror: The report of the Financial and Administrative National Audit Office for the years 2017 and 2018 showed that the balance of Bapco's revenue arrears increased from $295 million at the end of 2014 to $693 million at the end of 2017, i.e. an increase of 135%.
The report pointed out that 51% of those arrears exceeded one year, and represent 69% of the debts owed by government agencies.
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