NO. 29


Financial and Banking News

Budgets & Revenues

Bahraini Budget Projects Widening Deficit

Bahrain is projecting budget deficits of BD118mn for 1991 and BD125mn in1992, considerably higher than in recent years. The two-year budget for1991-1992 was issued by Amiri decree on 8 April, and published in the officialgazette two days later. The Bahraini financial year starts on 1 January.Deficits of BD100mn were projected for both 1989 and 1990, although the actualdeficit...