NO. 14


Financial and Banking News

Budgets & Revenues

Oman Trims 1990 Deficit on Higher Revenue Expectations

The Sultanate of Oman has announced a budget for the year 1990 whichincorporates a lower deficit while allowing for an increase in project spendingto the highest levels in recent years. Higher revenue expectations underly thenew budget's largesse, with total revenue forecast at RO1,433mn ($3.73bn) in1990. Last year the budget forecast revenue of RO1,209...