Financial and Banking News
BUDGETS ND REVENUES
Bahrain Projects Increased Budget Deficit
The Government of Bahrain has nearly doubled its projected budget deficit for1989 and 1990 as a result of static revenue and higher spending. Bahrain'spublic finance is organized on the basis of biennial budgets, and the annualdeficit for 1989 and 1990 is projected at BD100mn ($265mn), compared with BD60mn($159mn) in 1987 and 1988. Revenues are forecast at BD430mn in 1989 and...