February 26, 2019 / 10:08 AM / 7 months ago

Bahrain has sent clear message on how it is dealing with deficit - c.bank governor

MANAMA, Feb 26 (Reuters) - Bahrain has sent a clear message to the market on how it will deal with its budget deficit and public debt under a fiscal balance programme, the central bank governor said on Tuesday.

“Now we are entering a new phase where we have set the goals clearly on addressing the budget deficit, the public debt and introducing some revenue enhancing measures,” Rasheed Mohammed al-Maraj said at a finance conference in Manama.

Bahrain last year embarked on a series of fiscal reforms linked to a $10 billion aid package from its Gulf allies Saudi Arabia, Kuwait and the United Arab Emirates to help it avert a debt crisis. (Reporting by Davide Barbuscia and Lisa Barrington; Writing by Saeed Azhar; Editing by Kevin Liffey)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below