A Saudi-Emirati-Kuwaiti statement regarding the developments of the maritime financial balance...


Reviewing the latest developments around it in light of the effects of the Corona pandemic


A Saudi-Emirati-Kuwaiti statement regarding the developments of Bahrain’s fiscal balance program

The Finance Ministers of the Kingdom of Saudi Arabia, the State of Kuwait and the United Arab Emirates met with the Minister of Finance and National Economy of the Kingdom of Bahrain, regarding the developments of the fiscal balance program for the Kingdom of Bahrain, which is being monitored by the Arab Monetary Fund as an advisory body.

During the meeting, the latest developments on the program’s initiatives were reviewed in light of the effects of the Corona pandemic on the implementation of the program to achieve the goal of achieving a financial balance between government revenues and expenditures in the year 2024.

The Ministers welcomed the efforts made by the Government of the Kingdom of Bahrain in implementing the program, and the progress made despite the challenges posed by the crisis; They affirmed their support for the efforts of the Kingdom of Bahrain to implement further reforms to enhance the stability of public finances and support sustainable economic growth.

The ministers also reviewed the progress of implementing the initiatives within the framework of the programme. The Kingdom of Bahrain has made unremitting efforts to enhance revenues, raise efficiency and rationalize government spending.

The three countries had provided financial support for the financial balance program for the Kingdom of Bahrain during the last period in accordance with the Agreement on Framework Arrangements for Financial Cooperation on the program, signed in 2018 between the Kingdom of Bahrain and the three countries, and the Arab Monetary Fund as an advisory body. The three countries affirmed their continued support for the efforts of the financial balance program in the Kingdom Bahrain, leading to the achievement of the objectives set for the programme.

A Saudi-Emirati-Kuwaiti statement regarding the developments of Bahrain’s fiscal balance program
Saudi Press Agency (SPA)
previously
2021-10-21

The Finance Ministers of the Kingdom of Saudi Arabia, the State of Kuwait and the United Arab Emirates met with the Minister of Finance and National Economy of the Kingdom of Bahrain, regarding the developments of the fiscal balance program for the Kingdom of Bahrain, which is being monitored by the Arab Monetary Fund as an advisory body.

During the meeting, the latest developments on the program’s initiatives were reviewed in light of the effects of the Corona pandemic on the implementation of the program to achieve the goal of achieving a financial balance between government revenues and expenditures in the year 2024 AD.

The Ministers welcomed the efforts made by the Government of the Kingdom of Bahrain in implementing the program, and the progress made despite the challenges posed by the crisis; They affirmed their support for the efforts of the Kingdom of Bahrain to implement further reforms to enhance the stability of public finances and support sustainable economic growth.

The ministers also reviewed the progress of implementing the initiatives under the program; The Kingdom of Bahrain has made unremitting efforts to enhance revenues, raise the efficiency and rationalize government spending.

The three countries had provided financial support for the financial balance program for the Kingdom of Bahrain during the last period in accordance with the Agreement on Framework Arrangements for Financial Cooperation on the program, signed in 2018 between the Kingdom of Bahrain and the three countries, and the Arab Monetary Fund as an advisory body. The three countries affirmed their continued support for the efforts of the financial balance program in the Kingdom Bahrain, leading to the achievement of the objectives set for the programme.

October 21, 2021 – Rabi` al-Awwal 15, 1443

04:17 PM


Reviewing the latest developments around it in light of the effects of the Corona pandemic

The Finance Ministers of the Kingdom of Saudi Arabia, the State of Kuwait and the United Arab Emirates met with the Minister of Finance and National Economy of the Kingdom of Bahrain, regarding the developments of the fiscal balance program for the Kingdom of Bahrain, which is being monitored by the Arab Monetary Fund as an advisory body.

During the meeting, the latest developments on the program’s initiatives were reviewed in light of the effects of the Corona pandemic on the implementation of the program to achieve the goal of achieving a financial balance between government revenues and expenditures in the year 2024.

The Ministers welcomed the efforts made by the Government of the Kingdom of Bahrain in implementing the program, and the progress made despite the challenges posed by the crisis; They affirmed their support for the efforts of the Kingdom of Bahrain to implement further reforms to enhance the stability of public finances and support sustainable economic growth.

The ministers also reviewed the progress of implementing the initiatives within the framework of the programme. The Kingdom of Bahrain has made unremitting efforts to enhance revenues, raise the efficiency and rationalize government spending.

The three countries had provided financial support for the financial balance program for the Kingdom of Bahrain during the last period in accordance with the Agreement on Framework Arrangements for Financial Cooperation on the program, signed in 2018 between the Kingdom of Bahrain and the three countries, and the Arab Monetary Fund as an advisory body. The three countries affirmed their continued support for the efforts of the financial balance program in the Kingdom Bahrain, leading to the achievement of the objectives set for the programme.

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