IMF urges Bahrain to retarget subsidies, control spending - Politics & Economics - ArabianBusiness.com:
"Bahrain needs to retarget is subsidies to lower income families while controlling other spending commitments in a bid to stabilise debt levels, according to a new report by the International Monetary Fund (IMF).
Following an IMF mission to the Gulf kingdom, officials have said that despite a GDP growth of 4.9 percent last year, authorities need to make fiscal adjustment a priority.
The mission noted that Bahrain's state budget deficit is expected to continue to rise in the medium term."
'via Blog this'
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