Bahrain Budget Forecasts Deficit For 2003-04
The BahrainiGovernment has approved estimates for its 2003 and 2004 two-year budget cycle,which must now be ratified by King Hamad bin 'Isa Al Khalifah. Estimatedrevenue for 2003 is BD790mn ($2,095mn) and BD795mn ($2,108mn) for 2004. Totalexpenditure is forecast at BD1,050.5mn ($2,786mn) in2003 and BD1,061.9mn ($2,817mn) in 2004. This will leave a deficit for the twoyears of BD527.4mn ($1,399mn). The budget was...