NO. 34


Financial and Banking News

Budgets & Revenues

Oman Forecasts Lower Budget Deficit

The Sultanate of Oman's budget deficit for 1989 is expected to be RO275mn,compared to the projected figure of RO407.6mn, according to preliminary figuresissued by the Oman Development Council (ODC). The figures estimate totalrevenues for 1989 at RO1,370mn, compared to original projections of RO1,209mn.Total spending for the year is put at RO1,644mn, slightly up on the budgetfigure of...