Page 250 - Bahrain Gov Annual Reports (I)_Neat

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248
At the beginning of the year the State held a

balance of Rs 1,13,856/- apart from the Reserve fund
of three, lacs which is still, fortunately, intact.
At the end of the year only Rs 24,540/- of this amount
remained.

In the Budget for 1350 it was estimated that the
REVENUE would be Rs 8,32,516/-. The actual REVENUE
was only Rs 7,96,60l/-, a DEFICIT of Rs 35,915/- on the

amount budgeted.
The EXPENDITURE for 1350 was estimated in the
Budget at Rs 8,32,516/-. The actual EXPENDITURE was

Rs 8,33,527/-, only Rs l,0ll/- more than the amount
which was estimated.
The total DEFICIT therefore on the year is.-

Defit on the Revenue sie - Rs 35,915/-
n Expenditure - l,01l/-
Rs~36,9267-

This amount was appropriated from the balance which
was carried over from 1349.
Besides this amount capital expenditure was incur­

red in connection with the Ihiharraq electric extension,
and loan advanced to Bahrain Electric Supply amounting

to Rs 52,390/- which was also paid from the Rs 1,13,856/-
thus reducing the balance to Rs 24,540/-.
Appropriation to cover revenue
deficit in 1350 .. Rs 36,926/-
Payment fr electric extension
Rs 60,161/-
Less 7,771/-
52,390/-
Balance at end of 1350 • • «. 24,540/-_
' Rs"113,856/-
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At the end of 1349, the State had financial liabilities

amounting to over half a lac on account of the Maharaq,

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