Public Debt in Bahrain
Bahrain - Public DebtIn early October, Bahrain secured USD 11 billion from Kuwait, Saudi Arabia and the UAE as part of a four-year package marking an important step towards putting the public finances on an even keel. The cash injection will fund the budget deficit and debt repayments for the next several years. In return, Bahrain has pledged to virtually eliminate the budget deficit by 2022 and ensure the public debt ratio is declining from next year, through spending cuts, utility tariff hikes and boosting non-oil revenues. Also in October, Saudi Aramco and the Bahrain Petroleum Company (Bapco) agreed to construct a new 350,000 bpd pipeline between Saudi Arabia and Bahrain, which bodes well for the oil sector in the longer term.
Bahrain - Public Debt Data
|Public Debt (% of GDP)||41.3||42.0||60.3||72.1||79.8|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||0.38||0.03 %||Nov 13|
|Stock Market||1,305||0.04 %||Nov 13|
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