Bahrain plans to spend BHD5.3bn ($14.06bn) over the next two years and needs an oil price of $97-$100 per barrel for its budget to break even, the finance ministry said in a statement on Thursday.
The statement said the country expects revenues of $11.67bn based on an oil price estimate of $80 per barrel for its two year draft budget for 2011 and 2012.
It said that about half of spending will be on subsidies, including for gas and electricity.
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