Gulf Deficits Expected to Hit $490bln by 2023, Standard & Poor's Report
Countries of the energy-rich Gulf are expected to accumulate $490 billion in deficits by 2023 due to the double hit of low oil prices and the coronavirus slowdown, Standard and Poors said in a report.
Finance Ministry Announces Inaccurate Numbers Again, Deficit Larger in Reality
Doubts have been raised about the data that the Finance Ministry released regarding the past year and claiming that financial balance has been reached. Did the Ministry present inaccurate information on the deficit after the announced false data on the public debt?
Final Account 2018: 43% of State Budget Goes to Employees' Salaries
The final account of the state for 2018, which was recently referred by the government to the House of Representatives, shows a decrease in government employees training expenses by 16% compared to the previous year.
Bahrain: Where did Gulf Financial Aid Go?
The budget approved by the Government did not contain any information on the Gulf support allocated by 3 States to Bahrain, which raises many questions on the disbursement mechanisms and implementation monitoring.
Al-Wefaq: Military and Security Expenditures Account for 35% of Bahrain's Budget Compared to 25% of Education, Health and Housing
The Al-Wefaq National Islamic Society issued a statement on the general budget for the fiscal years 2019-2020, which was submitted to the House of Representatives and the Shura Council and passed in one session.
King Approves General State Budget
King Hamad bin Isa Al Khalifa approved general state budget 2019-2020.
Bahrain Reduces Days and Working Hours in Museums and Archaeological Sites to Cut Expenses
Bahrain Authority for Cultures and Antiques chaired by member of the ruling family, Mai Al Khalifa, announced reducing the working days of museums and archaeological and heritage sites in Bahrain, starting Monday, April 1, 2019.