Publication Date:
Sun, 2011-06-05 16:29
“The king passed the law for the budget for 2011 and 2012... it will approve expenditures for 6.198 billion Bahraini dinars,” a ministry spokesman said.
Facing a rising subsidies bill and dragged down by its struggling banking sector, Bahrain has the weakest fiscal position among Gulf nations.
Analysts polled by Reuters expected Bahrain to post deficits of 1.4 percent of gross domestic product in 2011 and 1.7 percent for 12.
Taxonomy upgrade extras:
