NO. 36


Financial and Banking News

Budgets & Revenues

Bahrain's Budget Deficit Narrows in 1989

Bahrain's actual budget deficit shrank to BD58mn ($154mn) in 1989, down 28%on the previous year, according to the Bahrain Monetary Agency's Annual Reportfor 1989. The report does not break down the budget figures, but said that the9% rise in government revenue was mainly attributable to an increase in oilincome, while the 3% rise in expenditure was mainly due to an increase of...