MANAMA: Bahrain’s fiscal balance should swing back to surplus this year, beating the target of achieving balance by 2024, says a new report from NBK.
The ‘Macroeconomic Outlook 2022-2023’ for Bahrain from the largest financial institution in Kuwait states that higher oil revenues would likely enable the government to record its first fiscal surplus in 14 years in 2022, beating its pandemic-delayed target of balancing the budget by 2024 .
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