Financial and Banking News
BUDGETS AND REVENUES
Oman Budgets $0.5bn Deficit, Devalues Riyal
Oman's budget for 1986 foresees a 3.1% decline in revenue and a 2.6% drop in expenditures, so that the government's deficit is scheduled to increase marginally from RO198mn to RO202mn. The local currency - the Riyal Omani (RO) - has been devalued by 10.2% from $2.8923 to $2.5974, which limits the deficit as well as cushioning the government from part of the impact of falling oil...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!