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Wednesday, 22 February 2012

Bahrain plans to reduce 'lavish spending'

Bahrain must tighten its belt to reduce lavishness, rationalise spending and protect public money, His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa said.

Welfare spending will be trimmed substantially among a string of other measures, he said as he chaired a work meeting of the Cabinet.

The session discussed Bahrain's financial standing and economic challenges it is facing amid global developments, said a report in the Gulf Daily News, our sister newspaper.