Bahrain’s Public Debt Rises to 8.68 Billion BD at the End of November
Bahrain’s public debt continued to rise reaching 8.68 billion BD in November 2016, which constitutes 72% of the Gross domestic product (GDP).
Bahrain Approaches Banks about Sukuk Sale in Q1 2017
The Kingdom of Bahrain is in talks with lenders for an Islamic bond, or sukuk, which is expected to be issued in the first quarter of 2017, banking sources told Reuters.
Bahrain’s Debt Reaches $20 Billion and $300 Million in 2016
A report issued by Securities & Investment Company (SICO) Bahrain, mentioned that Bahrain’s debts by next year (2017) is expected to reach $808 million, at the time when the country’s public debt increased to more than $20 billion during the first half of this year (2016).
Moody's: Bahrain Registered Three International Debt Placements of $1 Billion
Moody’s said that Bahrain launched three international debt placements since beginning of year until May 2016, with total value of $1,035 billion.
Bahrain’s Public Debt Exceeds 6.6 Billion Dinars
: Recent official data showed that the public debt in Bahrain exceeded 6.6 billion dinars by the third quarter of the previous year 2015, constituting around 52% of the gross domestic product
Financial Parliamentary Commission Agrees on Raising Public Debt Ceiling to 10 Billion BD
Bahrain Mirror: The Financial and Economic Parliamentary Commission passed a decree law to raise the public debt ceiling to 10 billion Bahraini dinars instead of 7.
Bahraini Finance Ministry: Recurrent Requests of MPs Reason Behind Budget Deficit Increase
Bahrain Mirror: The Bahraini Ministry of Finance pinned the blame on the members of parliament and their “recurrent demands” for the hike in the public debt and the public budget deficit increase.
Bahrain Annually Pays 400 Million BD of Interests on Public Debt
Bahrain Mirror: A Bahraini Member of Parliament said that “the public debt has exceeded the reasonable level. We have entered a dangerous period.” The MP disclosed that 400 million BD are paid annually as interest on the public debt.