The Kingdom of Bahrain Economic Vision & National Budget.
The Kingdom of Bahrain's fiscal budget is planned for two years. The budget is put together by the Ministry of Finance & National Economy and it gets implemented after gaining approval of the Council of Representatives.
To capitalise on economic growth; Bahrain government implemented an integrated programme aimed at achieving fiscal budget balance by restructuring the government budget. The programme include a government-wide spending review, the creation of spending efficiency taskforces, the roll-out of a voluntary retirement scheme for public sector workers and the implementation of VAT.
Bahrain Government has adopted a BHD 4.3 billion stimulus package to counter the effects of the COVID-19 pandemic to boost the economy and protect employees and aid business.
Read the Bahrain Economic Quarterly Reports issued by the Ministry of Finance & National Economy
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Content Last Updated: 21 May, 2023
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