The session was dedicated to discuss the 2019-2022 Government Action Plan, which was approved and referred to the parliament.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…32 | the publication reaches you by | Bahrain News
The plan focuses on empowering the private sector, elevating the government work-environment, enhancing investment climate, cutting down expenditures, and exploiting water resources.
To ensure fiscal balance in Bahrain, the program grants the kingdom USD10 billion to achieve the balance between expenditures and government revenues by 2022.
At the beginning of 2019, Bahrain started applying the value-added tax (VAT), which is expected to add to the treasury BHD300 million (USD796 million) in this year.
Earlier, the Bahrain Economic Development Board forecast real GDP growth of 3.4 percent in 2018 and 2.8 percent in 2019.
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