NO. 6


Financial and Banking News

Budgets & Revenues

Omani Closing Accounts Show Revenues and Expenditure Rise in 1989

The latest edition of the Central Bank of Oman's bimonthly bulletin Al-Markazipresents the closing accounts for the 1989 budget and gives a provisionalbreakdown of the 1989 gross domestic product (GDP). Public expenditure duringthe year was up 5.4% on 1988 at the highest level since 1986, while revenueswere up 12.6% on the previous year, a rise almost...