Bahrain became the latest nation in the oil-rich Gulf to announce drastic spending cuts, an effort to stretch the budget at a time the crash in oil prices and measures to combat the global pandemic decimate revenue.
The Gulf country will slash operating expenses for ministries and government departments by 30%, the state-run Bahrain News Agency reported Monday. The cabinet also agreed to reschedule a number of construction and other projects to help meet emergency costs of preventing the spread of the virus. Other proposals it approved include a regulation granting workers unpaid leave.
