(MENAFN) Bahrain is forecast to record a budget deficit of USD3.87 billion and USD4.1 billion for 2015 and 2016 respectively, according to the Bahraini cabinet's budget draft, Zawya reported.
The increase in budget deficit is expected to widen to 10 percent of Gross Domestic Product (GDP) in 2015, a report made by an Economist Intelligence Unit (EIU) showed.
The report added that real Gross Domestic Product is forecast to decrease to 2 percent in 2015, driven mainly by the balanced oil output and weak crude prices. The GDP's average is expected to remain at 3.1 percent.
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