Focus On 'Stringent Cost Controls' to Balance Budget, Says Bahrain Finance Minister

The transcript discusses Bahrain's economic strategies amid concerns of a recession. It covers the fiscal balance plan, budget deficit reduction, and financial support from neighboring countries. The conversation also touches on debt management, bond issuance, and oil price assumptions. The focus is on aligning economic growth with non-oil revenue generation while maintaining essential services and job creation.

What is the primary focus of Bahrain's $32 billion project pipeline?

• Stimulating economic growth and job creation

• Enhancing technological infrastructure

• Reducing government debt

• Increasing foreign investments

What was the estimated reduction in Bahrain's budget deficit for 2018?

• 20%

• 25%

• 30%

• 35%

Which countries provided financial support to Bahrain as part of the fiscal balance plan?

• Qatar, Oman, and Saudi Arabia

• Saudi Arabia, UAE, and Kuwait

• UAE, Qatar, and Oman

• Kuwait, Oman, and Qatar

How does Bahrain plan to approach bond issuance in light of global financial market volatility?

• Issuing bonds opportunistically with a wide window

• Avoiding bond issuance altogether

• Issuing bonds at a fixed time annually

• Issuing bonds only to domestic investors

What is the assumed oil price range in Bahrain's fiscal balance plan?

• $60

• $55

• $65

• $50

What is a key aspect of Bahrain's fiscal balance plan regarding non-oil revenue?

• Eliminating non-oil revenue sources

• Aligning economic growth with non-oil revenue generation

• Reducing non-oil revenue

• Focusing solely on oil revenue

What is a concern for Bahrain's economy mentioned in the final section?

• Rising inflation rates

• Global economic slowdown

• Decreasing oil prices

• Increasing unemployment