Hassan Al -Sitry
In its next session, the House of Representatives discusses the report of the Financial and Economic Affairs Committee on the unified final account of the state for the fiscal year ending on December 31, 2023, the report of the implementation of the state’s general budget for the fiscal year 2023, and the disclosure of transfers from the account of other estimates of ministries and government agencies for the fiscal year 2023, and prepared by the Ministry of Finance and National Economy.
According to the report, the schedule of the general budget structure indicates an increase in the total deficit of 2023, equivalent to 316.9% compared to the year 2022, where the deficit reached approximately 773.9 million Bahraini dinars compared to 185.7 million Bahraini dinars in the year 2022, and the initial surplus (revenues – expenses without interest in loans) decreased for the year 2023, equivalent to 87.4% compared to 2022, Where the first surplus reached the equivalent of 69.2 million Bahraini dinars in the year 2023, compared to the first surplus, which amounted to 550.7 million Bahraini dinars in the year 2022.
The total deficit of 2023 is due to the decrease in the total general revenues, equivalent to 9.8% compared to the year 2022, as it amounted to 347.9 million Bahraini dinars in the year 2023, as well as the increase in the total public expenses by 6.4%, and the equivalent of 240.4 million Bahraini dinars in the same year.
