The Government of Bahrain has announced a series of initiatives aimed at improving the country’s financial situation while ensuring continued support for citizens. The measures, approved by the Cabinet, focus on optimising government spending, increasing revenue, and promoting sustainable economic growth. The initiatives include: Reducing Administrative Expenses: All government entities will cut administrative costs by 20% while maintaining the quality of services provided to citizens. Increasing State-Owned Company Contributions: Government-owned companies will contribute more to the state budget. Corporate Revenue Law: A new law will impose a 10% tax on profits exceeding BHD 200,000 or companies with revenues over BHD 1 million. The law aims to diversify income sources and is expected to be applied in 2027 after legislative approval. To protect local employment, key sectors affecting national jobs will be exempt, and incentives will be provided to encourage hiring Bahraini workers. Selective Tax on Soft Drinks: A law will be referred to the legislature to increase selective taxes on soft drinks, encouraging healthier consumption habits, improving public health, and optimising healthcare resources. The government expressed gratitude to legislative representatives for their constructive discussions, which helped enrich the planning and review of these initiatives. Other measures include: Investment Land Fees: […]