Financial and Banking News
BUDGETS AND REVENUES
New Estimate Halves Bahrain's Budget Deficit
The Bahrain Monetary Agency (BMA) says that Bahrain's budget deficit wasBD71.8mn ($190mn) in 1992, less than half the estimate made by the FinanceMinister, Mr. Ibrahim 'Abd al-Karim, earlier this year. The BMA estimate was contained in excepts from its forthcoming annual report. Mr. 'Abd al-Karimissued his figures when the 1993/94 budgets were announced (MEES, 11 January).The...