Central Bank of Bahrain Expects Public Debt to Reach 110% of GDP
2020-09-29 - 3:41 am
Bahrain Mirror: A recent report from the Central Bank of Bahrain predicted that government debt will represent 110% of GDP by the end of this year, with a decline to about 105% in 2021.
The report suggested that government spending in Bahrain will reach 2.13 billion dinars by the end of this year and 2.2 billion dinars in 2022, according to a report by the Ministry of Finance and National Economy and analysts' expectations.
Government spending in Bahrain rose to 2.10 billion dinars in 2018 from 2.08 billion dinars in 2017 and the government spending average reached 1.33 billion dinars from 2002 to 2018, reaching the highest average of 2.1 billion dinars in 2018 and the lowest of 579 million dinars in 2002.
The total government debt accounted for 90.60% of GDP in 2017, and the average government debt as a percentage of GDP was 28.06% from 1990 to 2017, reaching the highest level of 90.60% in 2017 and the lowest of 5.90% in 1994.