Financial and Banking News
Budgets & Revenues
Oman Projects Reduced Deficit for 1991
The Sultanate of Oman announced its 1991 budget on 1 January, projecting adeficit of OR237mn ($616mn), one of the lowest in recent years. Revenues are setto rise by 10% compared to the budgeted figure for 1990, while expenditure willshow an increase of 3.8%. Comparison with the 1990 budget is difficult, however,in view of the sharp rise in oil revenues since 2 August, which...