Today, Tuesday, March 2, 2021, the House of Representatives approved the draft of the state's general budget for the years 2021-2022.
The Bahrain News Agency quoted the Ministry of Finance as saying that it expects to record a deficit of 1.2 billion dinars (3.20 billion dollars) in the new budget.
The agency added that Bahrain is targeting a budget of 3.6 billion dinars for the year 2021, with expected revenues of 2.4 billion dinars.
The Ministry of Finance and National Economy revealed the most prominent items of the state’s general budget for the fiscal years 2021 and 2022, which came as a result of what was agreed upon and approved by the House of Representatives after discussing the draft law on approving the state’s general budget for the fiscal years 2021 and 2022. All due to the Coronavirus (Covid-19) pandemic and the drop in oil prices on global markets. "

SOURCE: BAHRAINMIRROR