Bahrain Mirror: The state's budget for 2015-2016 showed that 87.1% of the revenues will come from oil, amounting to 3707 million out of the total revenues amounting to 4254 million Dinars.

The initial numbers, according to Al-Wasat newspaper, disclosed in the state's budget draft that the financial departments in Al-Shura council and Parliament are studying, show a fixed rate in depending on oil being a basic source to finance the state's general budget, where the rate of depending on it was 87% in 2011-2012 budget and 86.% in 2013-2014.

This fixed rate comes with the growing dependency on oil as a major source for the government revenues exceeding 10% than it was in 2009 and 2010 budget, where it reached 76.31%.

This fixed dependency on the oil and gas as sources for income comes despite the initial financial estimates of Bahrain's general budget for the two fiscal years 2015/2016 showed a decline in the oil and gas revenues by 44.6% in comparison with 2013/2014. On the other hand, non-oil revenues rose in the expected budget to 6.5% as to the previous budget, reaching 740 million Dinars after being 692 million.

It was remarkable that the budget witnessed a drop in the oil and gas products support in the domestic market by 80% in the current budget as to the former one, where it reached more than a billion Dinars previously and became only 208 million for 2015-2016, together.

The Arabic Issue