Improved Infrastructure in Bahrain!
The Government of Bahrain just announced its budget plans for 2023-2024! The Kingdom was set with the goal of improving the quality of life for everyone on the island. In addition, the budget was set with people in mind following the increments in the salaries announced last month!
The budget packs a punch with a range of exciting measures. Brace yourself for more than 50 fully-funded infrastructure projects, valued at a whopping $4 billion, set to transform the landscape of Bahrain over the next two years. But that’s not all! Public sector workers and pensioners are in for a treat with increased living allowances. The government is also putting its money where its mouth is with spending efficiency initiatives as part of a multi-year Fiscal Balance Program.
Bahrain’s budget is not only about numbers; it’s a commitment to a brighter future. The government’s fiscal reform targets remain on track, ensuring a deficit of less than 1% of GDP by 2024. With responsible financial management and a focus on sustainable growth, Bahrain is ready to unlock its full potential and pave the way for a prosperous and inclusive future.
Let’s go, Bahrain!
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