Middle East Economic Survey

VOL. LII

No 19

11-May-2009

oman

Omans Fiscal Policy Aimed At Stimulating Growth

The Omani government has adopted an expansionary fiscal policy with the aim of stimulating growth and increasing public spending in the 2009 budget by about 11% in order to counter the repercussions of the global financial crisis, according to the Minister of National Economy and Vice Chairman of the Financial Affairs and Energy Resources Council Ahmad bin 'Abd al-Nabi Makki. Speaking at a...