VOL. XXXI
NO. 17
1-FEBRUARY-1988
Financial and Banking News
Debt Ceiling to Be Raised to Finance Bahrain's $159mn Budget Deficit in1988
The Bahraini Government on 27 January approved a BD490mn ($1,299mn) budgetfor the fiscal year 1988, with total revenues estimated at BD430mn ($1,140mn)and a deficit of BD60mn ($159mn) to be financed by domestic borrowing. This isthe first time that Bahrain has issued a one-year budget, having abandoned itsprevious practice of budgeting for a two-year period...
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