NO. 14


Financial and Banking News


Oman Issues Standstill Budget for 1992

Oman has issued a standstill budget for 1992 showing expenditure and revenueboth rising by nearly 2%. The budget deficit has been set at OR237mn ($616mn),which is 40% in excess of the deficit laid down in the current five-year plan,and the same as the budgeted deficit for 1991. The deficit picture iscomplicated by the fact that Oman's published deficit for 1991 is put atOR187mn, after expected...