Middle East Economic Survey


No 2


Omans 2010 Record Budget Focuses On Growth

Despite the gloomy outlook for global demand and the depressed energy prices on the international market in 2009, Oman continues to look inward for economic growth and diversification. Oman announced a record expansionary budget for 2010 under Royal Decree 1/2002 issued on 1 January. The new budget is projected to have a deficit of OR800mn ($2,080mn), almost the same as in 2009 (MEES, 12 January...