Financial and Banking News


Bahrain to Issue T-Bills to Finance Budget Deficit

The Bahraini government approved a BD1,110mn ($2.9bn) budget for l986-87 on 11 January and the Minister of Finance, Mr. Ibrahim 'Abd al-Karim, announced two weeks later that the debt ceiling had been increased from BD30mn to BD100mn in preparation for the issue of treasury bills. According to the Finance Minister, the government's actual borrowing would depend upon the price of oil,...