Published in AGSIW's Blog
In October 2018, Bahrain launched its Fiscal Balance Program aiming to achieve a balanced budget by the end of 2022, with the assistance of three Gulf partners – Kuwait, Saudi Arabia, and the United Arab Emirates. Many natural resource-dependent countries – including those in the Gulf – have tried to restructure government finances in the wake of falling commodity prices, with little success. However, various indicators suggest that Bahrain’s current efforts are likely to bear fruit.
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