MANAMA: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has directed to devise an effective plan to rationalise spending and expenditure, reduce the size of government bodies, decrease the number of high positions to avoid un-necessary costs, eliminate duplicated work and spur the national economy in order to enable it to grow and be able to generate jobs for national manpower.
This came as HRH Premier chaired here on Thursday a work meeting in which he discussed the best ways to reduce the public debt and address the budget deficit in order to keep them at reasonable levels that ensure that they do not reflect negatively on the general economic situation of the kingdom or affect confidence in its credit rating.
HRH Premier tasked the Finance Ministry and the Central Bank of Bahrain to collaborate with the relevant sides and prepare a plan to address the budget deficit and reduce the public debt.