The Bahraini Ministry of Finance revealed that the budget deficit decreased by 35 percent in 2021, to reach 1.08 billion dinars ($2.87 billion), compared to 1.67 billion dinars in 2020.
The ministry's data showed that the total public revenues amounted to 2.56 billion dinars (6.79 billion dollars), compared to 2.08 billion dinars in 2020. While the total public expenditures amounted to 3.64 billion dinars (9.66 billion dollars) in 2021, compared to 3.75 billion dinars in the previous year.
According to the Ministry of Finance and National Economy, the initial financial results that were achieved during 2021 show that Bahrain has maintained its commitments to implement government projects that aim to reach the stage of economic recovery and achieve the desired aspirations and goals, in addition to the commitment to implement the objectives of the financial balance program. Although recurring expenses decreased by 4 percent in 2021, the government increased project expenses by 9 percent because of their importance in supporting the economy.
The ministry disclosed that the financial deficit decreased by 35 percent, as the total deficit amounted to 1,080 million dinars in 2021, compared to 1,670 million dinars in 2020.
Source (Al-Arabiya.net Website, Edited)
