Bahrain has posted a budget surplus of $88 million in the first half of 2022, from a deficit of $1.38 billion a year earlier, the Ministry of Finance and National Economy said in its Mid-year Financial Report for 2022.
Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy said the results were “clear evidence that the government’s disciplined approach to fiscal responsibility and long-term sustainability is proving effective”.
“Government initiatives to further diversify the economy and attract investment are having a positive impact and will provide the foundations for further growth for years to come. While today is an opportunity to acknowledge measurable progress, Bahrain will continue to develop innovative policies to enable private sector growth and support the Kingdom’s entrepreneurial spirit,” he said.
Actual revenues collected increased by 52 percent compared to the same period in 2021. Actual expenses amounted to $4.4 billion, an increase at a rate of only 2 percent compared to the same period in 2021.