Bahrain becomes latest Gulf state to stall projects, drastically cut spending amid pandemic
Manama announced that operating expenses for ministries and government departments will be slashed by 30 percent, according to the state's Bahrain News Agency.
The spending cuts follow a 4.3 billion dinar ($11.4 billion) package that was rolled out last month to help the country's struggling private sector. At the time of the package's implementation, Manama said the plan would not affect the state's budget deficit.
The International Monetary Fund projects Bahrain's budget deficit for 2020 to be at about 16 percent of gross domestic product.
Last month, neighbouring Saudi Arabia cut nearly 5 percent from its 2020 budget, casting uncertainty over whether the kingdom can still achieve its ambitious economic projects.
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