Bahrain Mirror (Reuters): A session of the Bahraini parliament broke up amid shouting and protests on Tuesday when several lawmakers, in a rare show of opposition to government policy, vented their anger against a rise in fuel prices.

Reuters: Fitch Ratings has downgraded National Bank of Bahrain's (NBB) and BBK B.S.C.'s (BBK) Long-term Issuer Default Ratings (IDRs) to 'BBB-' from 'BBB'.

Bahrain Mirror: Bahrain’s Parliament Financial and Economic Affairs Committee member MP Abdulrahman Buali highlighted that the Parliament’s support provided to the Ministry of Interior and the ministry’s budget would not be affected.

Bahrain Mirror (Exclusive): Samir Al-Baharna, a member of Bahrain’s Shura Council (appointed by the king) decided to launch a public relations campaign, aiming at improving Bahrain’s image and its reputation stained by human rights violations.

Ruters: Fitch Ratings has downgraded Bahrain's Long-term foreign currency Issuer Default Rating(IDR) to 'BBB-' from 'BBB' and Long-term local currency IDR to 'BBB' from 'BBB+'. The Outlooks are Stable.

Bahrain Mirror: The Deutsche Bank stated that Bahrain has less than two years’ worth of cash reserves left at current levels of spending.

Reuters: Bahrain will begin cutting subsidies for goods and services to reduce state spending on its foreign population as low oil prices pressure its budget, a top official said.

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

Bahrain Mirror: The Parliament has accepted that his MPs pension reaches 4000 Dinars and it refused the proposed amendments regarding raising the said number.

Bahrain Mirror: 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.

Bahrain Mirror (Exclusive): The council of ministers announced on Monday, May 11, 2015 that the actual deficit in last year’s budget (2014) decreased by 62%, reaching 455 million Dinars.

Bahrain Mirror: The outlook for most of the rich Gulf Arab economies has dimmed for this year and next as oil prices have remained relatively low, according to a Reuters poll published on Wednesday. The poll revealed that Bahrain inflation will reach 12% of its GDP for this year

Al-Wasat, a local Bahraini newspaper, stated that the Government of Bahrain's 2015-2016 budget expenditure plan which will be presented to the Parliament next week includes a section that says that "government budget spending will not be able to cover the expenses of all future projects, financial support of higher educational institutions."

Moody's Investors Service, a credit rating agency, expected that Bahrain's budget deficit will increase to 14% of its GDP in 2015, and shrink to 10% in 2016.