Planned Spending Cuts in Bahrain’s FY2021-2022 Budget Welcomed by Finance and National Economy Minister

Bahrain’s proposed State budget for fiscal year (FY) 2021-2022 has revealed the Government of Bahrain’s plans to reduce expenditure over the next two years.

Finance and National Economy Minister, Shaikh Salman bin Khalifa Al Khalifa, noted that despite this planned expenditure reduction, the Government has stated its intent to continue refining the quality and efficiency of public services, in order to develop performance and enhance its working mechanisms.

Shaikh Khalifa added that these measures were considered, in order to maintain social support for citizens in need, whilst balancing the fiscal objectives, such as increasing non-oil revenues.

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