Public Debt Increases $2 Billion within Month: Official Statistics
2019-10-30 - 8:52 p
Bahrain Mirror: Public debt in September increased by 752 million dinars (US$2 billion), reaching 12.045 billion dinars, according to the latest statistics issued by the Central Bank of Bahrain. This figure represents about 85% of the kingdom's GDP.
Public debt remained unchanged for four months, at 11.293 billion dinars (from May until the end of August).
Prior to that, the public debt remained 11.457 billion for 6 months, from November 2018 until the end of April 2019.
The public debt movement is linked to the government's fiscal balance program in parallel with the $10 billion financial support the government received from Saudi Arabia, the UAE and Kuwait.