2019 Roundup: Gov’t Obtains One Billion, 100 Million from Citizens’ Pockets
2019 ended with more financial complications for Bahrain. There was no more room for the financial balance lie. The state hadn’t actually benefited from the retirement of thousands of its employees under the voluntary retirement program.
IIF Says Bahrain at Risk after Public Debt Exceeded GDP
Institute of International Finance (IIF) said that a number of Arab countries, including Bahrain, are at risk after their public debt exceeded the Gross Domestic Product.
2019 Roundup: Public Debt Hits Highest Level in Bahrain’s History
Bahrain's public debt has set a new record surpassing the 13 billion dinar ceiling, despite a Gulf-backed structural plan which aims at achieving a balance between revenues and expenses.
Bahrain Spent $4 Million on Unrenowned Int’l Award: Good Luck with Financial Balance Program
Bahrain has spent $4 million on an international prize which no one knows anything about. This figure includes the total amount awarded by the "Isa Award for Service to Humanity" to 4 winners in four sessions since its launch.
Public Debt Increases $2 Billion within Month: Official Statistics
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 Reaches 106%: Why is Finance Ministry Hiding these Numbers?
Why doesn't the Finance Ministry present transparent data on the public debt? Why did it reveal a number less than the actual one last year? How did the government exceed the legal debt ceiling? What are the independent companies that don't add their debts to the general balance? Is there actually any independent company?
Gov't Companies Directly Borrowed from External Funds, Didn't Include their Debts in Public Debt
National Audit Office report said that the Finance Ministry and some government parties and companies directly borrowed from external funds without including their debts in the public balance registered in the Ministry of Finance and the National Economy.
Results Completely Contrary to Finance Minister Statements... Public Debt Exceeds BD12 Billion for the first time
Has Bahrain lost control of its public debt? The sharp rise in government debt can't be attributed only to the fall in oil prices, but also to several other factors, most notably the political turmoil and failure of the government's economic policies.
Bahrain Making Good Progress on Fiscal Balance Plan -Finance Minister
Bahrain is making good progress on its fiscal consolidation plan and is on track to eliminate its deficit by 2022 as planned, Finance Minister Sheikh Salman bin Khalifa Al Khalifa said on Saturday.
Bahrain Raises $2 billion with First Dollar Bond Issue since Bailout
Bahrain raised $2 billion with its first issue of U.S. dollar bonds since it obtained a $10 billion bailout from its Gulf allies last year to avert a credit crunch.
Bahrain's Public Debt Reached BD 11.29 bln during First Half of Year
Bahrain's public debt reached 11.29 billion dinars in the first half of this year, while the Central Bank of Bahrain has not announced any new issuances of foreign bonds this year, according to the latest data published on its website.
Finance Minister Says Budget Deficit Decreased during First Half of 2019
Bahrain's Minister of Finance Salman bin Khalifa Al Khalifa said that the actual deficit recorded during the first half of this year amounted to BD 404 million, BD 245.9 million lower than the BD 650 million half-year deficit recorded during 2018.
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.
Bahrain: Public Debt Interests Amounted to BD 640 Million
Minister of Finance and National Economy Salman bin Khalifa Al Khalifa said that interests of public debt in 2019 budget reached BD 640 million.
Bahrain Ditches Subsidy Reform Plan as Political Tensions Simmer: Reuters
Bahrain has scrapped a plan to reform its cumbersome subsidy system, officials said on Tuesday, as authorities worry it could trigger more unrest in the Gulf island and complicate government efforts to repair public finances.
Public Debt in Bahrain Didn't Decrease despite Gulf Aids
Data from the Central Bank of Bahrain (CBB) showed the public debt of Bahrain during the first quarter of 2019 remained stable at 11.457 billion BD.
Kuwait Inks Financial Aid Agreement for Bahrain
Kuwait signed an agreement to support Bahrain's economy as part of a series of fiscal reforms Bahrain has embarked on last year, Kuwait's finance ministry said on Tuesday, formalizing a previously agreed package.
Government Covers BD 70 Million of Its Public Debt
The Central Bank of Bahrain announced that the new issue of weekly Government Treasury Bills given out by the Central Bank of Bahrain on behalf of the Government of Bahrain has been oversubscribed.
Public Debt Fixed at BD 11.45 Billion: CBB
Public debt fixed at BD 11.45 billion in January 2019, backed by the effects of the fiscal balance program funded by Gulf countries, the Central Bank of Bahrain said on Monday.
Moody's: Low Oil Prices Increase Gulf Countries' Debt Accumulation
Low oil prices increase the credit challenges of the Gulf Cooperation Council (GCC) states, especially Saudi Arabia, Kuwait, Oman and Bahrain, said Moody's credit ratings agency.