Tuesday 20 September 2011

Bahrain Raises 2011, 2012 Expenditure by $1 Billion, BNA Says - Bloomberg

Bahrain’s King Hamad approved a 388.5 million-dinar ($1.03 billion) increase in expenditure in the budget for the 2011 and 2012 fiscal years, the official Bahrain News Agnecy reported today.

The island state willl borrow from banks and funds to cover the deficit, according the agency, which cited a decree by the king.


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