Financial and Banking News
BUDGETS AND REVENUES
Oman Forecasts $1.1bn Deficit for 1989
The Omani Government's forecast deficit for 1989 is much higher thanexpected, at close to $1.1bn, according to figures released by the Deputy PrimeMinister for Financial and Economic Affairs, Mr Qais 'Abd al-Mun'im al-Zawawi,on 1 January. Government revenues are forecast to decline by 8% from last year'sbudget to RO1,209mn ($3.1bn), while expenditure is to increase by 3.9% to...