IMF: Bahrain Should Tackle Government Debt, Subsidies - Middle East Real Time - WSJ:
"Bahrain needs to fix its budget deficit and reduce government debt by introducing reforms that retarget subsidies and raise state revenues, the International Monetary Fund said after an annual consultation with the country.
Bahrain, which has been in a state of political turmoil since tensions between its Sunni ruling class and its Shia majority erupted into civil unrest in 2011, nonetheless saw healthy economic growth last year, the IMF said in a statement. Gross domestic product expanded by 5.3%, the IMF estimated, driven by a pick-up in energy production.
But the IMF said Bahrain also needed to address a growing government budget deficit estimated at 4.3% of GDP last year."
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