iPhone | iPad
Android
Huawei
Both teams share one point each after Dubai Capitals had lost four wickets for 17 runs
KT APPDOWNLOAD
Bahrain to start VAT implementation by end-2018
Bahrain is covering its budget deficit partly through international borrowing.
manama - We aim to have everything set up by the end of 2018, says Finance Minister.
"We'll be working with parliament on VAT and aim to have everything set up by the end of 2018," Sheikh Ahmed told an investment conference in Manama, without giving a firm date for when the tax would be launched.
Bahrain, its sovereign debt rated "junk" by major credit rating agencies because of low oil prices, needs to diversify state revenues beyond oil. It originally planned to introduce VAT at a 5 per cent rate last month, at the same time as Saudi Arabia and the UAE.
But the plan ran into resistance from some members of parliament, and last month officials said the government would not proceed with new austerity steps until parliament agreed on a new system to compensate citizens for a higher cost of living.
"We have a system of consensus building, such as parliament. It's vital for Bahrain to go through that process as we diversify," Sheikh Ahmed said, adding that the government was diversifying revenues "not in a panicked way, in a controlled way". He also said the government had no new plans to cut the subsidies it pays to keep down consumer prices of fuel, food and services.
Bahrain is covering its budget deficit partly through international borrowing, and the central bank governor said the government would return to the international debt markets soon.
More news from
The 33-year-old Northern Irishman had a stunning 2022 on the golf course, where he won three tournaments
McIlroy's strong game off the tee makes him formidable on the course
The two leaders agreed to increase Indian investments which currently stand at 'over $3.15 billion'
Space rock to burn up in atmosphere with bigger pieces to fall as meteorites, say scientists
Through the lens, lightly
Why are we not allowed to feel the uncomfortable emotions, discuss them openly and honestly with integrity of acceptance to attain better physical and mental health?
At the top of the heap of opinions, is an old favourite: Only children are spoiled, entitled, selfish, are all about themselves and don’t know how to compromise