A final version of Bahrain’s budget shows that non-oil revenues and government expenditures will fall below previous forecasts
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Bahrain economy
Bahraini MPs banned from flying first class, as overseas travel budget is cut 30%
Parliament officials ordered to limit usage to business class tickets.
Bahrain economy
Bahrain says it will receive $2.3bn from allies in 2019
Bahrain’s announcement comes shortly after parliament passed the country’s budget, in which the ‘government reconfirmed its commitment to subsidy reform’
Bahrain economy
Bahrain said to plan first bond since $10bn Gulf aid
Bahrain is planning to return to international bond markets this year for the first time since Gulf allies pledged a $10bn package
Bahrain economy
Kuwait pens agreement to support Bahrain’s fiscal reforms
The agreement formalises Kuwait’s part in a $10 billion financial aid package announced by Kuwait, the UAE and Saudi Arabia last year
Bahrain
$10bn bailout delivers big boost to Bahrain bonds
Smallest member of the Gulf Cooperation Council has handed investors the biggest return since its $10bn bailout last year
Bahrain economy
Bahrain to focus on ‘stringent cost controls’ to balance budget
Bahrain;’s government trimmed the deficit by 35 percent last year as part of a plan to balance the budget by 2022
Bahrain economy
What a difference $10bn aid makes to Gulf’s weakest link
Bahrain and Oman are the most vulnerable economies in the Gulf, but one has a $10bn bailout package and the other is on its own
Bahrain
Bahrain’s $10bn aid package to help restore market access – Fitch
Ratings agency says achieving the Bahrain government’s fiscal targets will still be tough despite support from Gulf allies
Bahrain
Bahrain unveils fiscal overhaul as Gulf allies agree $10bn deal
Bahrain announces reform programme including cutting public expenditure and government waste, voluntary retirements for government workers and ‘redirecting’ state subsidies
Bahrain
Gulf allies set to sign $10bn aid deal for Bahrain
Unnamed official says assistance to Bahrain will be spread over five years and will include loans, deposits and grants
Bahrain credit risk
Bahrain credit risk falls to five-month low on $10bn aid package
Bahrain has been slow to implement fiscal reforms to cope with oil prices that are well below what the nation needs to balance its budget