Bahrain raises debt ceiling to 15bn dinars from 13bn

Bahrain raises debt ceiling to 15bn dinars from 13bn

Bahrain raises debt ceiling to 15bn dinars from 13bn

Bahrain raises debt ceiling to 15bn dinars from 13bn

Bahrain raises debt ceiling to 15bn dinars from 13bn

Bahrain's government has raised its debt ceiling to 15 billion dinars ($39.79 billion) from 13 billion dinars to help finance public spending, the cabinet said on Monday. (Shutterstock/File Photo)

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Bahrain raises debt ceiling to 15bn dinars from 13bn

Bahrain last raised its debt ceiling in 2017

Low oil prices and the coronavirus crisis have dented state revenues

Updated 24 August 2020

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MANAMA: Bahrain's government has raised its debt ceiling to 15 billion dinars ($39.79 billion) from 13 billion dinars to help finance public spending, the cabinet said on Monday, as low oil prices and the coronavirus crisis have dented state revenues.

The debt ceiling was also increased to pay for