Finance Minister highlights Bahrain’s positive economic outlook | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Finance Minister highlights Bahrain’s positive economic outlook | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Agencies | Manama

The Daily Tribune – www.newsofbahrain.com

Twenty-one out of 27 programs within the economic recovery plan have been completed, said Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa.

He hailed the support of His Majesty King Hamad bin Isa Al Khalifa, with the follow-up of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister.

He noted that Bahrain continues to record high and qualitative positive indicators in the sectors targeted by the economic recovery plan, as the non-oil GDP recorded until the third quarter of the year 2022 (January-September) a growth of 7.2% at constant prices on an annual basis.

It attracted investments amounting to $1.1 billion during the year 2022 to date, and 10 major development projects have been completed, in addition to the completion of the documentation of more than 1,300 government services and the development of the Service Level Agreement (SLA).

He highlighted the Government's success in reducing administrative expenses, increasing non-oil revenues, and achieving a surplus In the budget for the first half of 2022.

The Minister made the statement as he addressed a press conference which was attended by Laboour Minister Jameel bin Mohammed Ali Humaidan, Central Bank of Bahrain Governor