NO. 27


Financial and Banking News

Budgets & Revenues

Oman's 1992 Budget Shows Increases in Defense and Project Spending

Defense costs account for the most significant increase in expenditure inOman's 1992 budget, according to figures published in the latest issue of Al-Markazi,the bulletin of the Central Bank of Oman. Defense and national securityexpenditure is to rise by 16.2% to OR664.5mn in 1992, representing 34% oftotal expenditure. The other major increase in...