The Daily Tribune – www.newsofbhahrain.com
Bahrain’s two-year state budget now awaits His Majesty King Hamad bin Isa Al Khalifa’s approval.
This came after the Shura Council yesterday unanimously approved the proposed budget for fiscal years 2021-2022 which will be referred to His Majesty King Hamad by National Assembly and Parliament Speaker Fouzia Zainal for ratification.
The budget expects total revenues to reach BD2,406 million in 2021 and BD2,457 million in 2022.
Expectations for expenditures are BD3,614 million in 2021 and BD3,569 million in 2022, producing an overall deficit of BD1,208 million in 2021, and BD1,112 million in 2022.
Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa said that the welfare of the citizens was the top priority in drafting the state’s general budget.