(MENAFN) Bahrain has been recently applying a comprehensive well-studied program of structural economic and fiscal reforms to further strengthen its long-term development, according to the available data.
The program consists of; streamlining government expenditure; further redirecting government subsidies towards citizens; and a series of economic reforms and infrastructure schemes worth more than USD 32 billion.
Moreover, Bahraini officials and experts further stressed and emphasized that improving and modernizing business and investment regulation is very crucial to facilitating and fostering entrepreneurial opportunities.
The ongoing diversification efforts have led to stable economic growth, which is estimated to touch 3.6 percent in June-Dec period, and that the contribution of the financial services and manufacturing exceed that of the oil sector.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.