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Bahrain

Bahrain Achieves Best Performance for Public Debt

Bahrain has been able to achieve the highest return on its investments since the financial cooperation of the brotherly countries of Saudi Arabia, the United Arab Emirates and Kuwait, which amounted to 10 billion dollars last year, thus bringing the Bahraini bonds at the forefront of the bonds Gulf Cooperation Council (GCC).

According to Bloomberg, government and corporate securities in the Kingdom have achieved a 5% return rate since last year.

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It should be noted that in view of the completion of the first closing of the general budget accounts for the fiscal year 2018, the budget deficit was reduced by 35% compared to the fiscal year 2017. This is due to the restructuring of the general budget which started in 2015, Recurrent expenditures and diversification of non-oil revenues during the previous years, as well as the immediate start of the implementation of the financial balance program, which was launched at the beginning of the fourth quarter of 2018 and the high oil prices in the international markets. These results confirm the Kingdom’s progress towards the equilibrium point B Income and expenses.

It should be noted that in view of the completion of the first closing of the general budget accounts for the fiscal year 2018, the budget deficit was reduced by 35% compared to the fiscal year 2017. This is due to the restructuring of the general budget which started in 2015, Recurrent expenditures and diversification of non-oil revenues during the previous years, as well as the immediate start of the implementation of the financial balance program, which was launched at the beginning of the fourth quarter of 2018 and the high oil prices in the international markets. These results confirm the Kingdom’s progress towards the equilibrium point B Income and expenses.

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Since 2002, the non-oil sectors in the Kingdom have achieved an annual growth rate of more than 7.5% per annum. The contribution of non-oil sectors to the national economy is more than 80%.

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