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Bahrain cuts spending to tackle inflation
- Bahrain: Saturday, May 17 - 2008 at 07:53
The Shura Council in Bahrain has approved a draft law to roll back government spending and use the savings for measures to tackle rising inflation create facilities and to attract more investment into the country. The Council also called for salary rises in the private and public sectors to help staff cope with high inflation. It wants the government to monitor prices and transparently monitor consumer price index statistics. The council said the government should invest in regions where it can get cheaper food stables, such as farms in Sudan. The Dubai government recently signed deals with several supermarkets in the emirate to fix food commodity prices at 2007 levels, to ease price rises.
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StaffSaturday, May 17 - 2008 at 07:53 UAE local time (GMT+4)
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