Bahrain Unveils 2013-14 Draft Budget
Bahrain’s two-year draft budget for 2013-14 projects total revenue at BD5.578bn ($14.83bn) – comprising BD2.788bn for 2013 and BD2.790bn for 2014 – and total expenditure at BD6.993bn ($18.60bn) – comprising BD3.445bn for 2013 and BD3.543bn for 2014. The resulting deficits are estimated to be BD657mn for 2013 and BD753mn for 2014. Total revenue for 2013-14 will rise by 20.3% over 2011-12, while total...
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