Page 5 - Fiscal Balance Programme News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Council of Representatives yesterday approved the Kingdom of Bahrain’s 2021-2022 state budget. Upon submission to parliament, the Finance and National Economy Ministry highlighted the government’s unprecedented efforts to mitigate the effects of lower oil prices and the ongoing impact of the COVID-19 pandemic. Cross-government success in tightly controlling recurrent government expenditure (excluding emergency spend) was emphasised, which was BD63 million under budget in 2020. The Ministry also emphasised the government’s unwavering commitment to the Fiscal Balance Programme’s tar...

The Washington-based fund expects the kingdom's non-oil economy to grow 3.9% this year

Dubai: Bahrain’s economic growth is projected at 3.3 per cent in 2021 and is expected to remain flat at around 3 per cent over the medium term, according to the International Monetary Fund (IMF). “Bahrain moved quickly to address the health and economic effects of the COVID-19 pandemic, protecting lives and livelihoods. Swift and well-coordinated policy responses have helped limit the spread of the virus, deliver rapid and widespread access to vaccinations, and target income and liquidity support to those most in need,” said Ali Al-Eyd, mission leader of the IMF who held discussions wit...