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FINANCIAL NEWS
Bahrain seeks massive cuts in spending to lift economy
28 Jul 2016
(MENAFN) Bahrain has approved a proposed strategy to reduce government expenditures by 30 percent and improve efficiency across all entities, based on recent reports.
The proposed plan is in line with the objectives of the Kingdom’s economic and fiscal reform program; therefore it reflects the robust ability to polish sophisticated measures.
Accordingly, the kingdom has moved forward with implementing a comprehensive program of structural economic and fiscal reforms to reinforce its long-term development.
In more detail, the strategy consists mainly of three elements; streamlining government expenditure, redistributing government subsidies, and a chain of economic reforms.
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03 Jul 2025
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02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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