2022 Portfolios: Billions in Surpluses Diverted to Secret Budgets as Citizens' Living Standards Decline
In 2022, Bahrain's government amassed financial surpluses with the rise in oil prices, yet failed to implement measures to address the inflation's impact on citizens' livelihoods in a country where the gap between the rich and the poor continues to widen.
Government and MPs Agree: Billions in Exchange for Scraps
Based on financial analysis, the government in Bahrain has provided scraps to the country through meager bonuses approved by the MPs and Shura Council members in the meetings of the general budget draft.
Where Did Funds to Refurbish Helicopters Come from?
The ruling family has not yet disclosed the real surpluses it has gained from the increase in oil prices, as well as the ways in which these surpluses have been disbursed, which have mostly gone to private pockets or budgets for refurbishing old helicopters.
People Raise Questions as Public Budget Reaches Parliament
The government, headed by Crown Prince and Prime Minister Salman bin Hamad Al Khalifa, approved the 2023 and 2024 budgets, and referred it to the House of Representatives for discussion and approval.
Bahrain Buys US Weapons, Military Equipment Worth $350 Million amid High Public Debt, Taxes Hike
The United States announced a $350 million sale of military equipment and the refurbishing of helicopters and missile launchers to Bahrain.
Finance Ministry: Bahrain's Public Debt Amounts to BD16.7 Billion
The Ministry of Finance and Economy confirmed that as of December 2022, the total public debt amounted to about 16.7 billion dinars, equivalent to 101% of GDP in 2022.
Final Account Rejected: Finance Ministry's Trick and Transfer of Hundreds of Millions to Private Accounts
he Finance Committee of the House of Representatives in Bahrain recommended not to approve the final account of the state for the year 2021, which includes all amounts of actual expenditures and revenues for that fiscal year.
2022 Gov't Accounts Closed: Public Funds Stolen
It is difficult to know whether it is true that Bahrain recorded a deficit in the 2022 budget? How can the figures provided by the Government to the public be verified? Does anyone trust the statements of the Minister of Finance in the first place?
Bahrain: A Country Addicted to Debts, Loans and Aid
According to the report of the Financial and Administrative Oversight Bureau for the years 2021 and 2022, Bahrain's public debt and interest rates have reached catastrophic numbers. The report indicates that the government has turned Bahrain into a sick country addicted to debt and aid.
Public Debt Crosses Borrowing Ceiling: Who's Responsible for this Financial Waste?
The big question remains in the minds of citizens: Why does the government of Bahrain continue to issue sukuk and borrow despite the high oil prices and the large amount of liquidity generated from the oil trade?
The Al Khalifa Family Lives Like the Rulers of the Gulf while Bahrainis Cannot Live Like Gulf Nationals
Isn't it time for the ruling family to give up some of its privileges? Why does the Al Khalifa family live a similar luxurious life to those of the ruling families in the Gulf when the country's wealth and resources do not allow Bahraini citizens to live like the rich people in the Gulf?
Al-Shehabi Warns: Unemployment Level Reached 20%, Public Debt would Devalue Dinar
The Secretary-General of the General Federation of Workers Trade Unions in Bahrain (GFWTUB), Abdulqader Al-Shehabi, warned against the effects of proceeding in the policy of employing foreigners, indicating that the unemployment rate among Bahrainis eligible to work reached 20%.
Gov't Borrows Half Billion Dollar despite Dramatic Increase in Oil Prices
The government is intending to borrow again from the domestic market by issuing development bonds worth 200 million dinars (half a billion dollars), despite the dramatic rise in oil prices.
What Deficit is the Finance Minister Talking about while Oil Prices are at $116?
Why is it that the Bahraini Finance Minister is talking about the state budget deficit while oil prices increased more than double the price set by the government?
Corruption Increases as Oil Prices Hike: Billions of Surpluses Disappear under Al Khalifa Reign
The fate of about 1 billion dinars ($2.6 billion) from last year's budget remains unknown so far. Only the ruling family can answer where this large sum went.
Finance Minister from Davos: Bahrain's First-Half Deficit will be Much Narrower than Expected
Bahrain expects a significantly narrower budget deficit for the first half of 2022 due to high oil prices, Minister of Finance and National Economy Salman bin Khalifa Al-Khalifa said on Monday.
Kuwaiti Economic Report Expects 2022 Bahrain Budget to Record First Surplus in 14 Years
Bahrain's 2022 budget will record a surplus for the first time in 14 years, supported by the increasing crude oil prices, a Kuwaiti economic report predicted Sunday.
Why Is Public Debt Increasing Despite Rising Oil and Aluminium Prices ? Ibrahim Sharif
Opposition leader Ibrahim Sharif wondered why public debt is rising despite record high oil prices.
Bahrain's Public Debt Increases to 14.6 Billion BD, with 9% Year-on-Year Increase
Central Bank of Bahrain's data showed that public debt increased by 9% year-on-year at the end of the first quarter of 2022.
Bahrain Gained Additional BD 600 Million Due to Oil Prices Hike Last Year... Where does this Money Go?
Oil prices increased significantly last year, compared to what the government adopted in the state budget, which raises the same questions repeated annually about the fate of the amounts collected as a result of the price increase.