Monday 6 July 2015
 
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Budget

Bahrain’s new-look budget clears final hurdle

Bahrain’s new-look national budget for 2015 and 2016 cleared its final hurdle yesterday (July 5) when it was unanimously approved by the Shura Council. Thirty-eight members voted yes to the new national budget, which will no

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Bahrain parliament approves new-look budget

Bahrain's budget for 2015 and 2016 was narrowly approved by the parliament yesterday (July 2). Twenty-two MPs voted in favour of the new-look budget, which scraped through by just two votes, after a delay of more than six mont

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Bahrain’s budget stalemate may end soon

Bahrain’s budget stalemate could be about to end after a new-look version was given the green light by parliament’s financial and economic affairs committee. That is despite the revised version increasing the projected

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Egypt earmarks $8bn for fuel subsidies

Egypt has earmarked 61 billion Egyptian pounds ($8 billion) for fuel product subsidies in the draft 2015/2016 budget, Tarek El Molla, chairman of state-run Egyptian General Petroleum Corp (EGPC), said in a statement on Saturday. T

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Egypt earmarks $8bn for fuel subsidies

Egypt has earmarked 61 billion Egyptian pounds ($8 billion) for fuel product subsidies in the draft 2015/2016 budget, Tarek El Molla, chairman of state-run Egyptian General Petroleum Corp (EGPC), said in a statement on Saturday. T

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UK budget deficit falls to $16bn

Strong income tax receipts pushed British government borrowing to its lowest May reading since 2007, adding to signs that revenue growth could play a major role in debt-reduction plans being drafted by finance minister George Osborne.

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Egypt draft budget projects 9.9pc deficit, 5pc growth

Egypt's cabinet approved a draft 2015/2016 budget that projects a deficit of 9.9 per cent of gross domestic product, narrowing slightly from an expected gap of 10.8 per cent in the current fiscal year. The draft, which has yet

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‘Flexible training essential to back continued learning’

Businesses are operating in tough economic times, with budgets being significantly cut during the current industry downturn. When lowering costs is a key priority, learning and development budgets have historically been one of the

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Final proposals for new budget tabled in Bahrain

A set of final recommendations on the new two-year national budget has been put forward by a joint committee of Shura Council members and MPs in Bahrain. The recommendations include increasing the Housing Ministry’s budget b

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Bahraini MPs urging major changes to budget

Bahrain’s National Assembly has made drastic changes to the proposed budget, including increasing housing spending by BD240 million ($632.2 million) and reducing the government’s recurring expenditure by BD850 million.

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