King of Bahrain approves FY15-16 state budget

July 14, 2015 11:10 AM

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King of Bahrain approves FY15-16 state budget

King Hamad bin Isa Al Khalifa of Bahrain approved the state’s general budget for the two fiscal years 2015 and 2016.

The state’s revenues in the budget of the two fiscal years 2015 and 2016 is estimated at BHD 4.274 billion and BHD 2.177 billion respectively.

The state's overall expenditure in FY2015-16 is estimated at BHD 7.284 billion for 2015 and BHD 3.682 billion for 2016.

An amount of BHD 910 million has been booked for projects' expenditure in the budget of FY2015-16.

The budget deficit is seen at BHD 3.009 billion in FY2015-16, noting that the deficit shall be covered by borrowing from financial institutions and Arab and Islamic funds.

Source: english.mubasher.info

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