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Bahrain MPs limit govt borrowing despite warnings

MANAMA, November 18, 2015

Bahraini MPs have voted to limit government borrowing despite warnings that it would result in dramatic cutbacks in public spending. Parliament unanimously approved a proposal to cap state borrowing at 60 per cent of gross domestic product (GDP), ignoring objections from Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa, who described it as “dangerous,” said a report in the Gulf Daily News (GDN), our sister publication.
 
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Tags: Bahrain | Spending | borrowing | Debts | dilemma |

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