Bahrain Mirror: The Consolidated Financial Statement of Bahrain for the fiscal year that ended on December 31, 2016 unveiled that the oil revenues reached 1.4 billion BD, which shows a 10% drop in comparison with 2015. The non-oil revenues reached 500 million BD, which means a 3% increase. Meanwhile, the general expenses amounted to 3.5 billion BD, including the recurring expenses that recorded 3.1 billion BD and the project expenditures that amounted to 400 million BD.

The Consolidated Financial Statement that was finally sent to the House of Representatives showed that the budget deficit reached 1.6 billon BD; which is equal to 13% of the Gross Domestic Product. Meanwhile, the public debt amounted to 8.866 billion BD.

The currency in circulation in 2016 was 535.3 million BD with 525.5 million BD in 2015; thus it increased 10.1 million BD; i.e. 1.9%.

Economic policy performance summary indicated that the inflation in 2016 reached 2.8% while economy achieved real growth that amounted to 3%. The economy could provide 40.000 job opportunity in the 2016 fiscal year; a 7.3% increase more than the 2015 fiscal year.

The Consolidated Financial Statement showed that support for families with limited income amounted to 34.5 million BD. Meanwhile, the allowance to improve cost-of-living of retirees reached 32.67 million BD, while that rent allowance program amounted to 18.99 million BD.

Arabic Version