Bahrain's Public Debt will Hit 131% Next Year
2020-11-09 - 6:59 am
Bahrain Mirror: Bahrain's public debt will reach 131% of GDP next year, according to new figures published by "The Economist".
In its editorial on Thursday (November 5, 2021), the newspaper predicted that Bahrain's debt-to-GDP ratio will hit 131% next year, an increase of 34% from 2000 to 2016.
In a recent report, the Central Bank of Bahrain had predicted that government debt would reach 110% of GDP by the end of this year, and that it would decline to 105% in 2021.
Last September, Bahrain resorted to borrowing for the second time this year to fill the budget deficit or keep foreign reserves at acceptable rates.