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Comparison 1350 - 1351. The actual revenue
during 1351 was Rs 1,20,074/- less than during 1350.
This very serious falling off is almost entirely in

Customs receipts. The bulk of imports has decreased
greatly and the value of goods imported has also
decreased. The people of Bahrain can no longer
afford to buy anything except the cheapest commodities.

Expenditure during 1351 exceeded the revenue
by Es 93,672/-.
Although the expenditure during 1351 was actually
less than the amount allocated in the Budget, the
revenue fell short of the estimated amount by Rs 1,05,302/-,
Briefly, at the end of 1351, the State was faced
with an actual deficit of Rs 69,132/-, having also spent

the sum of Rs 24,540/- which was carried forward from
the previous year.
The Reserve Fund at the beginning of 1351 was
three lacs; at the end of 1351 it is only Rs 2,50,000/-.
This year, for the first time since a budget has

been made in Bahrain, I have had to show a deficit on
the revenue side of the budget in order to balance
expenditure. It would have been possible, and this
suggestion was urged by the Shaikhs during discussions
on the subject, to estimate the revenue at an amount
much greater than could honestly be expected, in order
to balance the budget. In my opinion it would be

false finance and would serve no useful purpose, The
deficit will be met from what remains of the Reserve.