Bahrain’s budget deficit for 2012 came in at BD226.6mn ($602.8mn), 83% below official projections of BD1,328.4mn ($3,533.5mn), as actual oil prices well above the conservative figures used in the original projections boosted Manama’s coffers.

According to Bahrain’s Ministry of Finance, total revenue at BD3,034.3mn ($8,071.2mn) was 20% above the budgeted figure, while total expenditure BD3,260.9mn ($8,674.0mn) was 15% below the projected budget figure. (CONTINUED - 289 WORDS)