Finance Minister Says Public Debt Interests would Reach BD700 Million in 2021
2021-01-11 - 3:46 am
Bahrain Mirror: Minister of Finance and National Economy Salman bin Khalifa Al Khalifa said that the public debt interest in 2021 new budget represents more than 700 million dinars and will exceed 750 million dinars in 2022.
He said that the public debt would begin to decline gradually after reaching the income-and-expenditure balance point within the fiscal balance program through the Government's medium-term plan.
The public debt interests are the largest item in the State budget. The government, headed by the crown prince, decided to raise the public debt ceiling to 15 billion dinars to cover the budget deficit.