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FINANCIAL NEWS
Bahrain adds USD79.56m to anti-inflation allowance
30 Apr 2013
(MENAFN) Bahrain announced that it boosted its anti-inflation allowance by USD79.56 million, to USD276.92 million, reported Arabian Business citing Gulf Daily News.
The additional budget was introduced to help citizens tackle higher costs.
In February, the Kingdom’s inflation level was estimated at nearly 2.3 percent.
It is worth noting that the move, which was endorsed by Finance Minister Sheikh Ahmed bin Mohammed Al Khalifa, the Premier and the Crown Prince, comes due to a request by parliament chairman Dr Khalifa Al Dhahrani.
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