Bahrain lost four billion dollars because of falling oil prices

Bahrain lost four billion dollars because of falling oil prices


As a result of falling oil prices, the budget deficit of Bahrain to 2015: 1.5 billion Dinar, which is about four billion US dollars. A similar budget deficit, the country’s authorities is expected in 2016.

MANAMA, 28 Jan. Yulia Troitskaya. The budget deficit of Bahrain to 2015: 1.5 billion Dinar (about us $ 4 billion) as a result of falling oil prices, said in an interview with the Minister of energy Abdul Hussain bin Ali Mirza.

“The proceeds from the sale of oil and gas in Bahrain budget 2015 should have been 1.7 billion dinars (more than $ 4.5 billion), and the same figure budgeted 2016, thus, the state budget deficit in 2015 amounted to 1.5 billion dinars (more than 3.9 billion dollars), a similar deficit is expected in 2016”, — said the Minister.

He noted that the price of oil, budgeted Bahrain to 2016, is $ 50 per barrel.