Bahrain food subsidies to cost $ 180 million
Bahrain is set to spend $180 million in 2013 on basic food subsidies
[In Bahrain] Meat, poultry and flour will receive BD67 million in government subsidies this year, up from BD56m in 2011.
The government has also earmarked BD67m to continue subsidising these basic staples in 2014.
Industry and Commerce Minister Dr Hassan Fakhro submitted a memo updating the weekly Cabinet session on soaring government subsidies.
The ministry and Municipalities and Urban Planning Affairs was also instructed to study the possibility of supporting local livestock farmers and submit a report. The aim is to meet consumers' needs in local meat and poultry at subsidised prices.
- Will terror attacks damper Arabs' appetite for European holidays?
- So cool it's hot: Saudi Arabia's $3.2B HVACR market driven by construction boom
- US, EU protectionist policies may be a blessing in disguise for GCC suppliers
- Dubai to Doha: How far can you stretch your dirham?
- OPEC's poor history of compliance will make production cut deal a challenge