Sunday, 11 March 2012

Bahrain’s $238m annual interest ‘may rise’

Bahrain’s government pays BD90 million ($238.7 million) every year as interest on loans and the figure is set to increase in coming years, said the Finance Ministry.


A report from the Ministry added that the government deducts one per cent from employees' salaries against unemployment benefits to reduce the burden on the state budget.


The ministry issued the report following an attempt by MPs to draft a law making the 1 per cent cut optional, reports our sister paper Akhbar Al Khaleej.

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