Tue, 17 August 2021
Bahrain’s Ministry of Finance and National Economy today reported its Biannual Financial Report 2021 for the period ending 30 June.
There were several key highlights.
During the first half of 2021, net government revenues increased by 23% YoY to BHD 119 million. This was primarily due to a 33% increase in oil revenues caused by higher oil prices, while non-oil revenues increased by 4% YoY.
Actual government expenditure decreased by 4% YoY to BHD 1639, while recurrent expenditure decreased by 2% YoY. This reduced the deficit by 35% to BHD 520 million.
Commenting on the occasion, HE Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, said:
"The Biannual Financial Report 2021 is a measure of progress that quantifies the remarkable work all public agencies do to meet citizens' requirements."
"Strategic planning, along with the persistent dedication of Team Bahrain, has yielded tangible outcomes in the Kingdom's path to development, buoying the economy during the COVID-19 crisis."