Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
Dismiss
This content is for our paying subscribers only

Bahrain estimates 2020 fiscal deficit at 1.62b dinars

Decline in oil price set to see Kingdom's revenue drop by 27%



The Manama skyline.
Image Credit: Shutterstock

Cairo: Bahrain’s preliminary estimates of the 2020 total fiscal deficit have reached 1.624 billion dinars (Dh15.86 billion), an increase of 817 million dinars from the 2020 approved budget, a Finance Ministry statement said on Monday.

The preliminary estimates of the 2020 fiscal results see revenues at 2.139 billion dinars, down 27 per cent from the approved budget, because of the decline in oil prices, the ministry said. The preliminary estimates also see expenditures at 3.763 billion dinars, up 0.3 per cent from the 2020 approved budget, the ministry added.

Advertisement