The Bahraini Ministry of Finance revealed that the preliminary financial estimates for 2022 showed a decrease in the deficit by 85 percent, and an increase in total oil revenues by 58 percent compared to budget estimates and by 36 percent compared to the actual results for the year 2021.
Total public revenues increased to 3.490 million dinars, achieving an increase of 42 percent over budget estimates and by 33 percent compared to the actual results for 2021. While non-oil revenues increased by 15 percent over budget estimates and by 28 percent compared to the results of 2021.
Total public revenues increased 42 percent, to 3.940 billion dinars compared to budget estimates. Meanwhile, the overall fiscal deficit decreased by 85 percent, reaching 178 million dinars, compared to the estimated budget deficit of 1185 million dinars.
The government was able to maintain the estimated levels of total public expenditures, as the total expenses amounted to 3.668 million dinars in 2022, distributed between project expenses of 190 million dinars and recurring expenses of 3.478 million dinars.
Source (Al-Arabiya.net, Edited)
