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Bahrain plans to spend $14 bln in 2011-2012

The statement said the country expects revenues of 4.4 billion dinars.

January 6, 2011 10:04 by



Bahrain plans to spend 5.3 billion dinars ($14.06 billion) over the next two years and needs an oil price of $97 per barrel for its budget to break-even, the Ministry of Finance said in a statement on Thursday.

The statement said the country expects revenues of 4.4 billion dinars based on an oil price estimate of $80 per barrel for its two-years draft budget for 2011 and 2012.

(Reporting by Frederik Richter; Editing by Dinesh Nair)



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