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FINANCIAL NEWS
Bahrain’s budget deficit to hit 12.5 percent of GDP in 2015
07 Dec 2015
(MENAFN) Fitch Ratings, one of the three nationally recognized statistical rating organizations (NRSRO) designated by the U.S., has revised Bahrain’s outlook to negative from stable, based on reports.
The alteration came as the organization projects a wider double-digit budget deficit of 12.5 percent of GDP in the kingdom in 2015, let alone that low oil prices continue to impact the nation’s economy.
Additionally, the country’s fiscal adjustment measures presented so far have proven insufficient to offset lower oil prices, as social and competitiveness restraints hinder the pace of policy response.
Furthermore, beside the 12.5 percent of Gross domestic product budget deficit this year, there will be a 10.7 percent in 2016 remaining in high single digits by 2017, up from 5.5 percent of GDP in 2014.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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