Consumer spending and increased investment in the ALBA aluminum plant expansion supported an overall estimated growth of 2 percent in 2018. The government Fiscal Balance program (FBP) announced in 2018 accompanied by 10 billion US dollars in GCC financial support will alleviate financing constraints in the after-math of 2014 oil price shock. Key challenges facing Bahrain include the need to fully implement the FBP reforms. Bahrain will need to pursue energy subsidy reform and control large off-budget expenditures, while pursuing its diversification strategy.
Macro Poverty Outlook for Bahrain
life expectancy at birth; social safety net program; high oil price; current account deficit; export of goods; consumer price index; financial service sector; fiscal deficit; fiscal balance; forecast period; compensatory measure; public policy; budget expenditure; transport prices; excise tax; budgetary expenditure; consumer spend; fiscal consolidation; government worker; financing constraint; remittance outflow; government operation; Fiscal Reform; fiscal measure; energy subsidies; external deficit; public debt; diversification strategy; financing interest; market price; energy survey; welfare impact; bond spread; percent change; factor price; male youth; oil sector; female youth; Social Protection; trade sector; global financing; social unrest; Oil Refining; inflation
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Macro, Trade, and Investment (GMTDR)
Official version of document (may contain signatures, etc)
Macro Poverty Outlook for Bahrain (Arabic). Macro Poverty Outlook (MPO) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/728651556630200100/Macro-Poverty-Outlook-for-Bahrain