Arab Monetary Fund Briefs Gulf Donors States on Bahrain's Commitment to "Fiscal Balance" Program
2019-09-07 - 12:50 am
Bahrain Mirror: Finance Ministers of the Gulf donor states met Bahrain's Finance Minister to review the Kingdom's achievements in implementing the Fiscal Balance Program, which was launched in October 2018.
The Finance Ministers of the United Arab Emirates, Kuwait, Bahrain and Saudi Arabia welcomed the results of an assessment carried out by the Arab Monetary Fund on the implementation of the Fiscal Balance Program.
The assessment revealed a decline in the actual deficit in the first half of the year 2019 by 37.8%, and an increase of non-oil revenues by 47%, compared with the same period last year.