Page 64 - Bahrain Gov Annual Reports (I)_Neat

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For 1347 I have cotlmated Cuotomo Rcoolpto
ct Rn# 9,00,00j/-* Unlooo tho pearl ooooon
turns out q bad ono I on confident that this
amount will bo rooohad, I hopo that It rill bs
exooeded*
Again in ostl .wting cuotoaa Receipts ot
Rs* 9,00,000/- 1 on allowing n margin of Rn. —*
as afolnot actuals of 1346*
Although l have budgeted higher on tho

Revenue side this year than for tho previous
^cars I v.ould jioini out again that the .margin
between tho annuel revenue' of the Stole nnd tho
annual reourr'/it expenditure of tho State la
c very allrht one, about Ra* 72,000/-* Although
tho financial position io sound the Stetc is
oponding at preoent nearly tho whole of lto
annual revenue on rocurrcnt monthly expenditure
such as the allowances to tho Ruling family

which dono absorb more than half tho whola
revenue*
Tho oua of So* 2,00,000/- hao been act caldo
during the pant year to form tho basis of a Stato
renorve fund* This money is on Flxod lepooits
In Bombay nnd produces intorost at It la
hopod that tho fund wil-1 bo added to yocrly* The
reserve fund has been shown on tho Budget entirely
separately*
Apert from the Reaervo fund the State co»-
pleted the year with a credit balance of Ra* £

t