A long-term goal to increase non-oil revenues to cover 100 per cent of recurring expenses has been announced by Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa.
Speaking during a major annual national forum, ‘Towards Inclusive and Sustainable Economic Development’ yesterday, he added that non-oil revenues had increased from 18pc in 2018 to more than 40pc last year.
The minister said that the government was moving from economic recovery following the Covid-19 pandemic to sustainable growth with a focus on vital sectors and strategic projects.
