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.

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?

While the government of Bahrain announced GDP growth of 6.9% in the second quarter of this year, it noted a decline in oil sector growth by 2.2%. So how did the sector's growth decline as oil prices doubled?

Doubts have been raised about the data that the Finance Ministry released regarding the past year and claiming that financial balance has been reached. Did the Ministry present inaccurate information on the deficit after the announced false data on the public debt?

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?

The Shura Council Services Committee approved the bill submitted by the government to fund "voluntary retirement" from the Unemployment Fund and referred it for voting.

The Bahrain state budget for the years 2019-2020 showed no increase in non-oil revenues, which confirms the government's failure to diversify sources of income and rely on oil revenues.

The Bahraini Finance Minister Salman bin Khalifa Al Khalifa issued the Executive Regulations on the Value Added Tax (VAT), effective January 1, 2019.

Bahraini House of Representatives approved bill aimed at modifying the structure of the Future Generations Reserve Fund Council in line with the functions carried out by the Council.

The National Audit Office report for the years 2016-2017 stated that the Ministry of Finance�s payments to Aramco company for the state�s crude oil were overdue.

Information Affairs Minister Ali bin Mohammed Al-Romaihi today held a press attended by Finance Undersecretary Arif Khamis, to cast light on the Gulf Cooperation Council�s (GCC) unified VAT agreement and the GCC�s unified agreement on selective taxation.

Bahrain's PM Khalifa bin Salman Al Khalifa issued Edict 32/2016 appointing Ministry of Finance director.

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.