Bahrain's Budget Turns into a Surplus

  • Manama, Kingdom of Bahrain
  • 16 August 2022
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The Bahraini Ministry of Finance revealed that Bahrain recorded a budget surplus of 33 million dinars ($88 million) in the first half of the current year 2022, compared to a deficit of 520 million dinars ($1.39 billion) during the same period last year.

According to the ministry, total public revenues amounted to 1.698 billion dinars ($4.53 billion), an increase of 52 percent, compared to the first half of 2021, while total expenditures rose by 2 percent to 1.665 billion dinars.

Bahrain had expected a significant reduction in the budget deficit for the first half of 2022 thanks to the rise in oil prices.

Source (Al-Arabiya.net Website, Edited)

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