Financial and Banking News
Budgets & Revenues
Oman's Budget Deficit in 1991 Slightly Higher than Expected
Oman's actual budget deficit for 1991 was OR268mn ($696mn), according tofigures released by the Omani News Agency on 2 May. The budgeted deficit hadbeen OR236.7mn, but expected savings in current expenditure were to have reducedthis to OR187mn. Oil revenues were slightly higher than predicted in 1991, butexpenditure was also higher than expected, and it seems...