Finance and National Economy
The Kingdom of Bahrain Economic Vision & National Budget.
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.
- The Minister of Interior and the Governor of the Bank of Bahrain discuss
- The Ministry Of Finance And National Economy Published Its Quarterly Report For Q2 2022
- The Minister Of Finance And National Economy Meets With The Lord Mayor Of The City Of London: 01 October 2023
- NBR conducted 155 inspection visits last November
As we navigate through the digital age, Bahrain confirms its commitment to transparency and innovation through the Open Data initiative through Bahrain’s Open Data Portal. This platform is a testament to our dedication to making government data openly available, supporting the principles of accountability and enabling informed decision-making. By providing access to a treasure trove of data, we empower everyone to explore, analyze, and create solutions that drive social and economic progress. The initiative underscores our belief in the power of data to transform lives, foster a culture of knowledge-sharing, and stimulate growth.
We encourage you to leverage this valuable resource, sparking innovation and contributing to the Kingdom’s development. For an enriching journey into the world of Open Data, and to explore the possibilities, visit Bahrain’s Open Data Portal.
- Quarterly Business Confidence Index (BCI)
- Quarterly Inward Foreign Direct Investments Stocks Classified by Industry of the Enterprises - Million Bahraini Dinars
- Quarterly Inward Foreign Direct Investments Stocks classified by Countries - Million Bahraini Dinars
- Quarterly Foreign Direct Investments Stocks in BHD millions
- Inward Foreign Other Investments Stocks classified by Countries in Million Bahraini Dinars
Together, let's embrace the opportunity to contribute to Bahrain's digital evolution and ensure that our journey towards national development is a shared endeavor.
As part of the Kingdom of Bahrain’s unwavering commitment to fostering digital participation, you are invited to explore the available participation topics. Your engagement and contributions are crucial in shaping the digital landscape of the Kingdom of Bahrain, reflecting our collective vision for a future built on the principles of innovation, inclusivity, and progress. Explore more on how you can actively participate in discussions, share your insights, and collaborate on initiatives that are at the heart of our nation's growth.
For a broader exploration of topics and to join the conversation, please visit eParticipation.
Content Last Updated: 12 Aug, 2024