VOL. XLII

No. 02

11-January-1999

BAHRAIN

Bahrains Budget Deficit To Double In 1999-2000

Bahrains two-year budget plan for 1999 and 2000 registers adeficit of BD320mn ($849mn), or more than double the budgeted deficit of BD150mn ($398mn)in 1997 and 1998. The new budget, which was unveiled on 29 December 1998 under AmiriDecree No. 28 of 1998, projects a fall of 8.6% in total revenue to BD1,138mn ($3,019mn)and a rise of 4.5% in total expenditure to BD1,458mn ($3,867mn) from the respectivefigures...