|
|
 | The Chamber of Deputies yesterday approved the provision of BD3.4 billion expenditure, BD2.1 billion continuous expenditure and BD905.4 million project   | |
|
| |
MENAFN - Bahrain Tribune
- 06/07/2005
|
|
|
| |
|
|
|
| |
|
The Chamber of Deputies yesterday approved the provision of BD3.4 billion expenditure, BD2.1 billion continuous expenditure and BD905.4 million project expenditure in the two-year state budget, with a deficit of BD503.9 million.
The expenditure budget for 2005 is BD1.4 billion and for 2006 BD1.5 billion. A sum of BD1 billion is specially set aside for on-going expenditures, including salaries and buildings maintenance, for 2005 and BD1 billion for 2006. A total of BD418 million is this year's budget for projects, while BD487 million will be spent in 2006.
The deficit is expected to reach BD308 million in 2005 and BD136 million in 2006.
The chamber also approved the revenues after including BD10 million from Alba's revenues. With that, the total non-oil revenues reached BD345 million for 2005 and BD360 million for 2006. The state revenues are BD2.5 billion, including BD1.2 billion for the current year and BD1.2 for 2006.
While reviewing the budget, the committee took into consideration the protection of financial resources, cost cutting, inclusion of social projects in the budget and stressed on the accuracy of the information.
FTA okayed: The Chamber yesterday approved the Free Trade Agreement with America despite Al Asala bloc and Al Menbar Al Islami Bloc demand to keep it on hold until the release of the six Bahraini detainees in Guantanamo Bay. Most deputies supported the idea, if it didn't clash with the kingdom's economic interests.
The Minister of Finance, Shaikh Ahmed bin Mohammed Al Khalifa, said that through the FTA the Kingdom could strengthen its relations with America and call for the detainees' release.
|
| |
|
MENA News Headlines
|
 | Feb 9 2010 | EAD, Iraqi ministry sign MoU, Khaleej Times | | (MENAFN - Khaleej Times) The Environment Agency Abu Dhabi (EAD) and the Iraqi Environment Ministry have signed a memorandum of understanding for the restoration and sustainable preservation of the...
| | Feb 9 2010 | Qatar: QR33m road project for Al Wakra, The Peninsula | | (MENAFN - The Peninsula) The Public Works Authority (Ashghal) has launched a project worth QR33m to develop roads linking Al Wakra town with the under-construction Barwa Village.
...
| | Feb 9 2010 | Qatar- Car prices set to see steep fall, The Peninsula | | (MENAFN - The Peninsula) With their sales having dipped to record lows last year, automobile dealers in the country are busy mulling ways to get rid of unsold 2009 stocks.
...
| | Feb 9 2010 | UAE- Should There be Licences for Teachers?, Khaleej Times | | (MENAFN - Khaleej Times) Thinning interest among UAE nationals to pursue education degrees and high turnover of teachers are cause for concern, but experts feel the situation can be remedied by...
| | Feb 9 2010 | PTRC: 64% of Jordan citizens willing to pay higher transport fares, Jordan Times | | (MENAFN - Jordan Times) Around 64 per cent of citizens are willing to pay higher fares in exchange for better public transport services, according to a recent poll conducted by the Public Transport...
| | Feb 9 2010 | Moody's: Kuwait $100b plan to spur non-oil sectors, MENAFN | | (MENAFN) A report issued by Moody's Investor Service said that Kuwait's $100 billion development plan, passed by the parliament earlier this week, is expected to bolster the country's non-oil private...
| | Feb 9 2010 | Jordan- Gov't not lifting water subsidy, Jordan Times | | (MENAFN - Jordan Times) The government has no plans to lift water subsidies or increase water tariffs, a government official said on Monday.
A water official, who preferred to remain unnamed...
| | Feb 9 2010 | Jordan- Gov't might lift subsidies, Jordan Times | | (MENAFN - Jordan Times) The government has not yet decided to lift subsidy on gas cylinders, pending a final decision on a bundle of austerity and other measures designed to address a challenging...
| | Feb 9 2010 | Jordan- IFP announces agenda for 2010, Jordan Times | | (MENAFN - Jordan Times) International Fairs and Promotions Company (IFP) announced on Monday its agenda for 2010 which includes five specialised exhibitions to be held in Amman...
| | Feb 9 2010 | IMC-Jordan to release set of new services, Jordan Times | | (MENAFN - Jordan Times) IMC-Jordan (Institute of Management Consultants and Trainers of Jordan) announced on Monday that it will be releasing a new set of services for their members to effectively...
|  more... | | |
|
|
|
|
|
|
|
|