VOL. XLI

No. 24

15-June-1998

BAHRAIN

In Bahrain, the 1998 budget deficit is expected to rise to BD80mn ($213mn) fromBD75mn ($199mn) due to lower oil prices, according to the Bahrain Minister of Finance andNational Economy, Mr. Ibrahim Abd al-Karim. The Bahrain Government originally projectedrevenue of BD630mn ($1,676mn) and expenditure of BD705mn ($1,875mn). The minister addedthat all Bahraini ministries were reviewing non-essential programs with a view to eithercanceling them or cutting them...