Mixed performance for Bahrain’s economy

It is suggested the breakeven point for avoiding possible shortage in fiscal year 2013 stands at $119 per barrel. More likely than otherwise, this is not attainable in current conditions in international oil markets. In fact, the new budget was prepared with an assumed oil price of $90 per barrel. Already, this is not a conservative figure by regional standards, as fellow Gulf Cooperation Council (GCC) state of Qatar prepared its budget for fiscal year 2013-14 at $65 per barrel.

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