Finance and National Economy

The Ministry of Finance and National Economy (MOFNE) plays a pivotal role in shaping Bahrain's budget, fiscal policies, and economic strategies. With a steadfast commitment to diversification and sustainable growth, Bahrain has emerged as one of the top-performing economies in the region. Bahrain's economy is the most diversified in the region, with the financial services sector leading the way as the largest contributor to the GDP, surpassing the oil sector. This has been a result of the joint efforts of both the private and public sectors, driven by sound & coordinated policies.

MOFNE is responsible for the formulation of fiscal and economic policies that support sustainable growth, job creation, and the overall well-being of Bahrain's citizens.

For further insights on the Finance & the National economy, please navigate through the below links:

• Open Data and Financial Reports: Access to financial reports and data, including Government Consolidated Final Accounts, Final Accounts of Future Generation Reserve, and Tables of the State General Budget Approval Law, released by the MOFNE.
• Standard Financial Manual: Sets out the financial and accounting policies and procedures necessary to control and account for all funds. These Policies and Procedures are updated periodically by the Ministry of Finance and National Economy to reflect latest issued laws, regulations, and adopted government policies.
• Bahrain Economic Quarterly Reports: Access comprehensive reports issued every quarter by the MOFNE to gain insights into ongoing economic transformations and prospects. Besides the illustration of the main highlights of the economic performance
• Central Financial System: An IT system applied as part of Bahrain's digital transformation journey, including introducing the Central Financial System to achieve the highest level of control and efficiency in managing the state’s budget, unifying financial procedures and policies, monitoring performance, and providing reliable data and reports for the decision makers.
• Free Trade Agreements: Learn about Bahrain's participation in free trade agreements that promote international trade and economic cooperation, the Kingdom prioritized expanding these agreements to foster innovation, development, and enhance security and economic prosperity, alongside achieving economic integration.
• Fiscal Balance Program: Learn about Bahrain's comprehensive approach to achieving a balanced fiscal budget. The Program was launched in 2018 to reach a balance between public spending and revenues in the state budget through initiatives aimed at streamlining expenditures and boosting non-oil revenues.
• Economic Recovery Plan: Explore the Government's response to the COVID-19 pandemic through the introduction of the Economic Recovery Plan in 2021, aimed at strengthening the economy by developing human capital, attracting investments, and promoting priority sectors.